Flagship Wealth Advisors LLC Purchases Shares of 1,500 Norfolk Southern Co. (NYSE:NSC)

Flagship Wealth Advisors LLC bought a new position in Norfolk Southern Co. (NYSE:NSC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,500 shares of the railroad operator's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raab & Moskowitz Asset Management LLC grew its holdings in shares of Norfolk Southern by 2.4% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator's stock worth $435,000 after purchasing an additional 41 shares during the period. 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. Signal Advisors Wealth LLC raised its stake in shares of Norfolk Southern by 5.4% in the 4th 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 period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Norfolk Southern by 2.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator's stock valued at $588,000 after acquiring an additional 49 shares during the period. Finally, CKW Financial Group boosted its position in shares of Norfolk Southern by 7.7% during the 3rd quarter. CKW Financial Group now owns 700 shares of the railroad operator's stock worth $174,000 after purchasing an additional 50 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

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Norfolk Southern Price Performance

Shares of NYSE NSC traded down $1.70 during trading on Friday, hitting $231.84. 1,248,284 shares of the company were exchanged, compared to its average volume of 1,162,047. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The company has a market cap of $52.50 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.31 and a beta of 1.35. The firm's fifty day moving average price is $246.07 and its 200 day moving average price is $250.02.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 EPS 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%. On average, sell-side analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern's dividend payout ratio (DPR) is 46.71%.

Insider Activity

In related news, Director Gilbert H. Lamphere bought 607 shares of Norfolk Southern stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $259.86 per share, with a total value of $157,735.02. Following the purchase, the director now owns 2,487 shares in the company, valued at $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird upped their price target on Norfolk Southern from $260.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Wells Fargo & Company dropped their target price on Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Norfolk Southern in a research report on Friday, March 7th. They set a "buy" rating and a $293.00 price target on the stock. Stephens upped their target price on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, Susquehanna dropped their price target on shares of Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $276.95.

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.