Norfolk Southern Co. (NYSE:NSC) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in Norfolk Southern Co. (NYSE:NSC) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,310 shares of the railroad operator’s stock after purchasing an additional 1,681 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Norfolk Southern were worth $5,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NSC. Highline Wealth Partners LLC bought a new stake in Norfolk Southern during the third quarter worth approximately $25,000. 1620 Investment Advisors Inc. acquired a new position in Norfolk Southern during the second quarter valued at $27,000. Financial Connections Group Inc. purchased a new stake in Norfolk Southern in the 2nd quarter worth about $31,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at about $31,000. Finally, Coastline Trust Co purchased a new position in Norfolk Southern during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In related news, CEO Alan H. Shaw sold 51,325 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the sale, the chief executive officer now owns 35,045 shares in the company, valued at approximately $8,970,819.10. This trade represents a 59.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameh Fahmy bought 1,000 shares of Norfolk Southern stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. This represents a 11.11 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Price Performance

NYSE:NSC opened at $264.29 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $253.44 and a 200 day simple moving average of $239.58. The stock has a market capitalization of $59.79 billion, a PE ratio of 24.82, a P/E/G ratio of 2.46 and a beta of 1.30. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $2.65 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st were issued a $1.35 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.40 annualized dividend and a yield of 2.04%. Norfolk Southern’s dividend payout ratio is currently 50.70%.

Analyst Ratings Changes

Several research analysts have weighed in on NSC shares. Susquehanna upped their target price on Norfolk Southern from $280.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America boosted their price target on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Profile

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, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; 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.