Triglav Investments D.O.O. Buys Shares of 7,200 Norfolk Southern Corporation $NSC

Triglav Investments D.O.O. bought a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,200 shares of the railroad operator’s stock, valued at approximately $2,079,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Norfolk Southern by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 20,825,837 shares of the railroad operator’s stock worth $6,012,836,000 after purchasing an additional 272,651 shares in the last quarter. Geode Capital Management LLC boosted its stake in Norfolk Southern by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 4,878,029 shares of the railroad operator’s stock worth $1,401,797,000 after purchasing an additional 36,205 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in Norfolk Southern in the 3rd quarter worth approximately $826,128,000. Dimensional Fund Advisors LP boosted its stake in Norfolk Southern by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,179,610 shares of the railroad operator’s stock worth $654,757,000 after purchasing an additional 118,697 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Norfolk Southern by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 1,744,074 shares of the railroad operator’s stock worth $523,937,000 after purchasing an additional 76,751 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NYSE:NSC opened at $304.99 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The firm has a market cap of $68.50 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 5.69 and a beta of 1.30. The company has a 50 day moving average price of $303.14 and a 200-day moving average price of $298.30. Norfolk Southern Corporation has a 1-year low of $241.82 and a 1-year high of $326.00.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Norfolk Southern Corporation will post 12.11 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio is currently 45.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a research note on Friday, January 30th. Argus upgraded shares of Norfolk Southern to a “hold” rating in a research note on Wednesday, February 25th. UBS Group set a $327.00 target price on shares of Norfolk Southern in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Wolfe Research lifted their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Six research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $319.83.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.