7,854 Shares in Norfolk Southern Corporation $NSC Purchased by Yukon Wealth Management Inc.

Yukon Wealth Management Inc. acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,854 shares of the railroad operator’s stock, valued at approximately $2,471,000. Norfolk Southern makes up 0.7% of Yukon Wealth Management Inc.’s holdings, making the stock its 22nd biggest position.

A number of other hedge funds have also added to or reduced their stakes in NSC. Brooks Moore & Associates Inc. purchased a new stake in shares of Norfolk Southern in the second quarter valued at approximately $1,913,000. Hayek Kallen Investment Management purchased a new position in Norfolk Southern during the 2nd quarter worth $1,013,000. PSquared Asset Management AG purchased a new position in Norfolk Southern during the 2nd quarter worth $30,108,000. Old North State Trust LLC bought a new stake in shares of Norfolk Southern in the second quarter valued at about $305,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $2,273,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $347.32 on Friday. The business’s fifty day simple moving average is $331.90 and its 200-day simple moving average is $314.78. The company has a market cap of $78.01 billion, a PE ratio of 29.63, a PEG ratio of 5.29 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. Norfolk Southern Corporation has a 12-month low of $268.23 and a 12-month high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm earned $3.29 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Norfolk Southern Corporation will post 12.74 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were paid a $1.35 dividend. The ex-dividend date was Friday, August 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.6%. Norfolk Southern’s dividend payout ratio (DPR) is 46.08%.

Wall Street Analyst Weigh In

NSC has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Norfolk Southern in a report on Friday, July 24th. Wall Street Zen raised Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. upped their price objective on Norfolk Southern from $316.00 to $338.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Susquehanna lifted their target price on Norfolk Southern from $337.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Citigroup lifted their target price on Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $348.00.

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.