Impact Capital Partners LLC Invests $566,000 in Norfolk Southern Co. (NYSE:NSC)

Impact Capital Partners LLC bought a new stake in Norfolk Southern Co. (NYSE:NSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,413 shares of the railroad operator's stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Keystone Financial Group Inc. acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $28,000. Finally, Morse Asset Management Inc acquired a new stake in Norfolk Southern in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 75.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Norfolk Southern from $260.00 to $270.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on Norfolk Southern from $275.00 to $286.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Susquehanna decreased their price objective on Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Norfolk Southern in a report on Friday, March 7th. They set a "buy" rating and a $293.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $276.95.

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Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere bought 607 shares of the company's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the transaction, the director now directly owns 2,487 shares in the company, valued at $646,271.82. The trade was a 32.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.19% of the company's stock.

Norfolk Southern Price Performance

NSC traded down $0.02 during trading on Tuesday, hitting $234.37. The company's stock had a trading volume of 997,637 shares, compared to its average volume of 1,160,000. The firm's 50 day moving average price is $246.25 and its two-hundred day moving average price is $250.40. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The stock has a market capitalization of $53.07 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued 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%. Sell-side analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were given a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 annualized dividend and a yield of 2.30%. Norfolk Southern's payout ratio is 46.71%.

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.