Norfolk Southern Co. (NYSE:NSC) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 122.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,854 shares of the railroad operator's stock after purchasing an additional 7,063 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Norfolk Southern were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSC. Strategic Investment Solutions Inc. IL boosted its stake in shares of Norfolk Southern by 16.9% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator's stock worth $71,000 after buying an additional 44 shares during the last quarter. Albert D Mason Inc. boosted its position in Norfolk Southern by 0.7% in the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator's stock worth $1,615,000 after purchasing an additional 46 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Norfolk Southern by 5.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator's stock worth $225,000 after purchasing an additional 49 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Norfolk Southern by 2.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator's stock valued at $588,000 after purchasing an additional 49 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in Norfolk Southern by 0.9% during the fourth quarter. Leavell Investment Management Inc. now owns 5,816 shares of the railroad operator's stock worth $1,365,000 after buying an additional 50 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 2.2 %

NYSE:NSC traded down $5.03 on Friday, hitting $221.65. The stock had a trading volume of 1,306,890 shares, compared to its average volume of 1,255,480. The company has a fifty day moving average price of $230.35 and a two-hundred day moving average price of $244.93. The stock has a market cap of $54.65 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.31 and a beta of 1.30. 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 1-year low of $201.63 and a 1-year high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.03). Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.01 billion. Equities research analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is presently 36.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NSC shares. Evercore ISI lowered their target price on shares of Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating on the stock in a research note on Thursday. Loop Capital lowered Norfolk Southern from a "buy" rating to a "hold" rating and dropped their price objective for the company from $289.00 to $256.00 in a report on Monday, February 3rd. UBS Group reduced their target price on Norfolk Southern from $284.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday. Citigroup dropped their price target on shares of Norfolk Southern from $298.00 to $259.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus decreased their price objective on shares of Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $266.10.

Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere acquired 607 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price 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 represents a 32.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% 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.