Haven Capital Group Inc. Invests $253,000 in Norfolk Southern Co. (NYSE:NSC)

Haven Capital Group Inc. bought a new stake in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,080 shares of the railroad operator's stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA increased its stake in shares of Norfolk Southern by 46.8% in the fourth quarter. Primecap Management Co. CA now owns 673,200 shares of the railroad operator's stock worth $158,000,000 after acquiring an additional 214,700 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in Norfolk Southern in the 4th quarter worth about $352,000. Curio Wealth LLC acquired a new position in Norfolk Southern in the 4th quarter worth about $73,000. Parallel Advisors LLC raised its stake in shares of Norfolk Southern by 4.0% during the 4th quarter. Parallel Advisors LLC now owns 4,319 shares of the railroad operator's stock worth $1,014,000 after purchasing an additional 167 shares in the last quarter. Finally, Cibc World Markets Corp lifted its holdings in shares of Norfolk Southern by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 35,689 shares of the railroad operator's stock valued at $8,376,000 after buying an additional 5,035 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Insider Buying and Selling

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

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their price target on shares of Norfolk Southern from $275.00 to $286.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Susquehanna lowered their target price on shares of Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Loop Capital cut Norfolk Southern from a "buy" rating to a "hold" rating and reduced their price target for the stock from $289.00 to $256.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on Norfolk Southern from $284.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of "Moderate Buy" and an average target price of $276.95.

Norfolk Southern Stock Performance

NSC traded down $1.70 on Friday, hitting $231.84. 1,248,284 shares of the stock traded hands, compared to its average volume of 1,162,047. The business has a fifty day moving average price of $246.07 and a two-hundred day moving average price of $250.02. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $52.50 billion, a PE ratio of 20.06, a P/E/G ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. On average, research analysts predict that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were paid a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.33%. Norfolk Southern's payout ratio is currently 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.