M. Kraus & Co Has $10.53 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

M. Kraus & Co reduced its position in shares of Norfolk Southern Co. (NYSE:NSC) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,851 shares of the railroad operator’s stock after selling 585 shares during the period. Norfolk Southern makes up about 3.2% of M. Kraus & Co’s investment portfolio, making the stock its 8th largest position. M. Kraus & Co’s holdings in Norfolk Southern were worth $10,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in Norfolk Southern by 4,336.9% during the second quarter. Acadian Asset Management LLC now owns 4,925 shares of the railroad operator’s stock valued at $1,056,000 after purchasing an additional 4,814 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Norfolk Southern by 16.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 601,343 shares of the railroad operator’s stock worth $129,102,000 after acquiring an additional 86,726 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Norfolk Southern by 7.4% during the second quarter. Citizens Financial Group Inc. RI now owns 4,608 shares of the railroad operator’s stock worth $989,000 after purchasing an additional 317 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Norfolk Southern by 5.7% during the second quarter. Primecap Management Co. CA now owns 464,800 shares of the railroad operator’s stock valued at $99,788,000 after purchasing an additional 25,200 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Norfolk Southern during the 2nd quarter worth about $1,011,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Up 0.6 %

NSC opened at $238.80 on Wednesday. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The business has a 50 day moving average price of $252.80 and a 200 day moving average price of $246.23. The firm has a market cap of $54.03 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. Norfolk Southern’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $2.65 EPS. Research analysts forecast that Norfolk Southern Co. will post 11.82 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 1st were given a dividend of $1.35 per share. The ex-dividend date was Friday, November 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.26%. Norfolk Southern’s dividend payout ratio is presently 50.70%.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 1,000 shares of Norfolk Southern stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of $255.00 per share, with a total value of $255,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $2,550,000. The trade was a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NSC has been the subject of several recent analyst reports. Benchmark raised their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. UBS Group increased their target price on Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna decreased their price objective 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. Jefferies Financial Group upped their target price on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Company 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.