Massmutual Trust Co. FSB ADV Has $259,000 Stake in Norfolk Southern Co. (NYSE:NSC)

Massmutual Trust Co. FSB ADV grew its holdings in Norfolk Southern Co. (NYSE:NSCGet Rating) by 270.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 907 shares of the railroad operator’s stock after purchasing an additional 662 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Norfolk Southern were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Equitable Trust Co. increased its holdings in shares of Norfolk Southern by 1.7% in the 4th quarter. Equitable Trust Co. now owns 2,261 shares of the railroad operator’s stock valued at $674,000 after purchasing an additional 38 shares during the period. First Bank & Trust increased its holdings in shares of Norfolk Southern by 2.9% in the 4th quarter. First Bank & Trust now owns 1,369 shares of the railroad operator’s stock valued at $407,000 after purchasing an additional 38 shares during the period. Foster & Motley Inc. grew its stake in shares of Norfolk Southern by 2.9% in the 4th quarter. Foster & Motley Inc. now owns 1,377 shares of the railroad operator’s stock valued at $410,000 after buying an additional 39 shares in the last quarter. Centric Wealth Management grew its stake in shares of Norfolk Southern by 1.3% in the 1st quarter. Centric Wealth Management now owns 3,025 shares of the railroad operator’s stock valued at $863,000 after buying an additional 39 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Norfolk Southern by 0.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 6,382 shares of the railroad operator’s stock valued at $1,900,000 after buying an additional 40 shares in the last quarter. Institutional investors own 73.63% of the company’s stock.

Shares of NYSE NSC opened at $224.14 on Thursday. The business has a fifty day simple moving average of $244.97 and a 200 day simple moving average of $265.82. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $53.42 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.52 and a beta of 1.37. Norfolk Southern Co. has a one year low of $219.31 and a one year high of $299.20.

Norfolk Southern (NYSE:NSCGet Rating) last issued its earnings results on Wednesday, April 27th. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.02. Norfolk Southern had a return on equity of 21.95% and a net margin of 26.58%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $2.66 earnings per share. Norfolk Southern’s revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Norfolk Southern Co. will post 13.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 6th were paid a dividend of $1.24 per share. The ex-dividend date was Thursday, May 5th. This represents a $4.96 annualized dividend and a yield of 2.21%. Norfolk Southern’s dividend payout ratio is currently 40.03%.

Norfolk Southern declared that its board has initiated a stock repurchase program on Tuesday, March 29th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the railroad operator to repurchase up to 14.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

NSC has been the subject of several recent research reports. Susquehanna Bancshares lowered their price target on Norfolk Southern from $356.00 to $350.00 in a research note on Thursday, April 7th. Barclays lowered their price target on Norfolk Southern from $300.00 to $255.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 14th. StockNews.com initiated coverage on Norfolk Southern in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TD Securities boosted their price target on Norfolk Southern from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target on Norfolk Southern from $318.00 to $308.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and an average price target of $301.82.

In other Norfolk Southern news, CEO Alan H. Shaw sold 1,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $241.84, for a total transaction of $241,840.00. Following the completion of the transaction, the chief executive officer now directly owns 34,255 shares in the company, valued at $8,284,229.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Norfolk Southern Profile (Get Rating)

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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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.

Further Reading

Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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