Norfolk Southern Corporation $NSC Holdings Raised by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators boosted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,128 shares of the railroad operator’s stock after purchasing an additional 5,973 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Norfolk Southern were worth $23,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NSC. Maryland State Retirement & Pension System raised its position in shares of Norfolk Southern by 15.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,968 shares of the railroad operator’s stock valued at $4,316,000 after buying an additional 1,828 shares during the period. Ritholtz Wealth Management lifted its holdings in Norfolk Southern by 0.9% in the third quarter. Ritholtz Wealth Management now owns 7,893 shares of the railroad operator’s stock valued at $2,439,000 after acquiring an additional 68 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its holdings in Norfolk Southern by 1.0% in the third quarter. UNIVEST FINANCIAL Corp now owns 4,681 shares of the railroad operator’s stock valued at $1,446,000 after acquiring an additional 48 shares during the last quarter. Joel Isaacson & Co. LLC grew its position in Norfolk Southern by 1.7% in the third quarter. Joel Isaacson & Co. LLC now owns 6,086 shares of the railroad operator’s stock worth $1,881,000 after acquiring an additional 99 shares during the period. Finally, Jacobi Capital Management LLC grew its position in Norfolk Southern by 1.0% in the third quarter. Jacobi Capital Management LLC now owns 8,492 shares of the railroad operator’s stock worth $2,624,000 after acquiring an additional 88 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $333.12 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.90. The firm has a market cap of $74.83 billion, a P/E ratio of 27.92, a P/E/G ratio of 4.90 and a beta of 1.20. The firm’s 50 day moving average price is $324.11 and its 200-day moving average price is $316.92. Norfolk Southern Corporation has a one year low of $277.80 and a one year high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, October 22nd. The railroad operator reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.16. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.48 billion. Norfolk Southern had a net margin of 20.70% and a return on equity of 18.22%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 EPS. As a group, equities research analysts predict that Norfolk Southern Corporation will post 12.90 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.6%. Norfolk Southern’s payout ratio is presently 45.26%.

Analyst Upgrades and Downgrades

NSC has been the subject of several recent analyst reports. Susquehanna cut their target price on Norfolk Southern from $386.00 to $350.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Royal Bank Of Canada upped their price target on Norfolk Southern from $330.00 to $350.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. Weiss Ratings upgraded Norfolk Southern from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Evercore raised their price objective on Norfolk Southern from $358.00 to $360.00 in a research report on Wednesday, September 30th. Finally, UBS Group reissued a “neutral” rating on shares of Norfolk Southern in a research report on Monday, October 26th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Norfolk Southern currently has an average rating of “Hold” and an average target price of $348.81.

About Norfolk Southern

Norfolk Southern Corporation is a freight transportation company that operates a major railroad network across the eastern United States. Its rail services connect businesses, ports and communities, and link with other railroads to move goods across North America. The company transports a broad range of products, including coal, chemicals, agricultural goods, automotive vehicles and parts, metals, construction materials and consumer products. Its services include intermodal transportation, which combines rail with truck or container shipping, as well as rail freight and logistics solutions.