Intech Investment Management LLC Has $1.03 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Intech Investment Management LLC decreased its position in Norfolk Southern Co. (NYSE:NSC - Free Report) by 36.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,134 shares of the railroad operator's stock after selling 2,340 shares during the period. Intech Investment Management LLC's holdings in Norfolk Southern were worth $1,027,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Lake Street Advisors Group LLC lifted its stake in Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator's stock valued at $563,000 after acquiring an additional 41 shares in the last quarter. Hall Capital Management Co. Inc. increased its position in shares of Norfolk Southern by 2.8% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 1,516 shares of the railroad operator's stock worth $325,000 after purchasing an additional 42 shares during the last quarter. Blue Chip Partners LLC increased its position in shares of Norfolk Southern by 0.5% during the 2nd quarter. Blue Chip Partners LLC now owns 7,716 shares of the railroad operator's stock worth $1,656,000 after purchasing an additional 42 shares during the last quarter. Stephens Consulting LLC increased its position in shares of Norfolk Southern by 12.4% during the 2nd quarter. Stephens Consulting LLC now owns 381 shares of the railroad operator's stock worth $82,000 after purchasing an additional 42 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its position in shares of Norfolk Southern by 4.2% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator's stock worth $256,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC traded down $0.71 during trading on Thursday, reaching $275.38. 626,668 shares of the company traded hands, compared to its average volume of 1,250,665. The company's 50 day moving average is $256.07 and its two-hundred day moving average is $241.11. The firm has a market capitalization of $62.30 billion, a PE ratio of 25.86, a PEG ratio of 2.62 and a beta of 1.30. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. 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 released its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. As a group, sell-side analysts predict that Norfolk Southern Co. will post 11.82 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.96%. Norfolk Southern's payout ratio is 50.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Norfolk Southern from $241.00 to $245.00 and gave the stock a "hold" rating in a research report on Friday, October 11th. Barclays boosted their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Susquehanna boosted their price target on Norfolk Southern from $280.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. TD Cowen boosted their target price on Norfolk Southern from $253.00 to $259.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their target price on Norfolk Southern from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of "Moderate Buy" and an average target price of $275.68.

Insider Activity

In other Norfolk Southern news, Director Sameh Fahmy acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan H. Shaw sold 51,325 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total value of $13,138,173.50. Following the sale, the chief executive officer now owns 35,045 shares of the company's stock, valued at approximately $8,970,819.10. This represents a 59.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.19% 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.