Bryn Mawr Capital Management LLC Has $9.29 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Bryn Mawr Capital Management LLC grew its stake in Norfolk Southern Co. (NYSE:NSC - Free Report) by 1,805.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,601 shares of the railroad operator's stock after purchasing an additional 37,523 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Norfolk Southern were worth $9,294,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in shares of Norfolk Southern in the 3rd quarter valued at about $25,000. Financial Life Planners acquired a new stake in Norfolk Southern during the fourth quarter worth about $27,000. Keystone Financial Group Inc. acquired a new stake in Norfolk Southern during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new stake in Norfolk Southern during the fourth quarter worth about $27,000. Finally, Morse Asset Management Inc acquired a new stake in Norfolk Southern during the third quarter worth about $30,000. Institutional investors and hedge funds own 75.10% of the company's stock.

Insider Activity at Norfolk Southern

In other news, Director Gilbert H. Lamphere purchased 607 shares of Norfolk Southern stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the transaction, the director now owns 2,487 shares in the company, valued at $646,271.82. The trade was a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameh Fahmy bought 350 shares of the business's stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by insiders.

Norfolk Southern Price Performance

NSC stock traded down $1.79 on Friday, hitting $247.62. 992,354 shares of the company's stock traded hands, compared to its average volume of 1,200,048. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The stock has a market cap of $56.07 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.30 and a beta of 1.35. The stock has a fifty day moving average of $245.43 and a 200-day moving average of $250.60. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating the consensus estimate 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, analysts forecast that Norfolk Southern Co. will post 13.02 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $5.40 annualized dividend and a dividend yield of 2.18%. Norfolk Southern's dividend payout ratio (DPR) is presently 46.71%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSC. Citigroup increased their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Susquehanna dropped their price objective on shares of Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird increased their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Stephens increased their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $276.11.

About Norfolk Southern

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.