Bryn Mawr Capital Management LLC Buys 678 Shares of Norfolk Southern Co. (NYSE:NSC)

Bryn Mawr Capital Management LLC grew its stake in Norfolk Southern Co. (NYSE:NSC) by 32.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,756 shares of the railroad operator’s stock after purchasing an additional 678 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Norfolk Southern were worth $647,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raab & Moskowitz Asset Management LLC increased its position in shares of Norfolk Southern by 2.4% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after acquiring an additional 41 shares during the last quarter. Archer Investment Corp increased its position in shares of Norfolk Southern by 2.3% during the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock valued at $481,000 after acquiring an additional 43 shares during the last quarter. Albert D Mason Inc. increased its position in shares of Norfolk Southern by 0.7% during the fourth quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock valued at $1,615,000 after acquiring an additional 46 shares during the last quarter. Maia Wealth LLC increased its position in shares of Norfolk Southern by 4.7% during the third quarter. Maia Wealth LLC now owns 1,044 shares of the railroad operator’s stock valued at $264,000 after acquiring an additional 47 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its position in shares of Norfolk Southern by 5.4% during the fourth quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator’s stock valued at $225,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $242.14 on Friday. The stock has a market cap of $54.83 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average of $245.83 and a 200-day moving average of $250.71.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. Equities research analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio is 46.71%.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy purchased 350 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gilbert H. Lamphere purchased 607 shares of the company’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the purchase, the director now owns 2,487 shares of the company’s stock, valued at approximately $646,271.82. The trade was a 32.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NSC has been the subject of a number of research analyst reports. Stephens increased their price target on Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Susquehanna decreased their target price on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Citigroup raised their target price on Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Loop Capital downgraded Norfolk Southern from a “buy” rating to a “hold” rating and decreased their target price for the stock from $289.00 to $256.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of “Moderate Buy” and a consensus price target of $276.11.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.