1,528 Shares in Norfolk Southern Corporation $NSC Acquired by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC purchased a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,528 shares of the railroad operator’s stock, valued at approximately $439,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Norfolk Southern in the fourth quarter worth $1,084,701,000. Pentwater Capital Management LP purchased a new position in Norfolk Southern in the third quarter valued at approximately $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Norfolk Southern by 545.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock valued at $392,396,000 after buying an additional 1,103,748 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Norfolk Southern in the 3rd quarter valued at about $329,629,000. Finally, HBK Investments L P boosted its holdings in shares of Norfolk Southern by 67.7% in the fourth quarter. HBK Investments L P now owns 2,130,000 shares of the railroad operator’s stock valued at $614,974,000 after acquiring an additional 860,000 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $337.98 on Friday. Norfolk Southern Corporation has a 52 week low of $264.01 and a 52 week high of $339.77. The company’s fifty day simple moving average is $314.23 and its 200-day simple moving average is $304.16. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a market cap of $75.91 billion, a PE ratio of 28.47, a P/E/G ratio of 6.00 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Norfolk Southern Corporation will post 12.24 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. Norfolk Southern’s payout ratio is 45.49%.

Analyst Ratings Changes

NSC has been the subject of a number of research reports. Susquehanna upped their target price on shares of Norfolk Southern from $337.00 to $360.00 and gave the company a “neutral” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Norfolk Southern from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. TD Cowen boosted their target price on Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company upped their price target on shares of Norfolk Southern from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets increased their price objective on Norfolk Southern from $305.00 to $310.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Six equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $329.35.

Norfolk Southern Company 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.