Dynasty Wealth Management LLC Boosts Position in Norfolk Southern Co. (NYSE:NSC)

Dynasty Wealth Management LLC lifted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 29.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,528 shares of the railroad operator’s stock after buying an additional 1,480 shares during the period. Dynasty Wealth Management LLC’s holdings in Norfolk Southern were worth $1,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC increased its position in shares of Norfolk Southern by 18,831.2% in the third quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after acquiring an additional 3,280,579 shares during the period. FMR LLC lifted its holdings in Norfolk Southern by 48.4% in the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock worth $671,532,000 after buying an additional 881,415 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Norfolk Southern in the 3rd quarter worth approximately $207,830,000. Holocene Advisors LP bought a new position in shares of Norfolk Southern during the third quarter valued at approximately $122,798,000. Finally, Public Sector Pension Investment Board lifted its stake in Norfolk Southern by 1,840.0% in the third quarter. Public Sector Pension Investment Board now owns 355,152 shares of the railroad operator’s stock worth $88,255,000 after acquiring an additional 336,845 shares during the period. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Price Performance

Shares of NSC stock opened at $242.14 on Friday. The firm has a market capitalization of $54.83 billion, a price-to-earnings ratio of 20.95, a PEG 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’s 50-day simple moving average is $245.83 and its 200-day simple moving average is $250.71.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. As a group, equities analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna cut their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $285.00 price objective on shares of Norfolk Southern in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Loop Capital cut shares of Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price objective for the company from $289.00 to $256.00 in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus target price of $276.11.

Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere acquired 607 shares of Norfolk Southern stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the acquisition, the director now owns 2,487 shares of the company’s stock, valued at $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

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.