Norfolk Southern Co. (NYSE:NSC) Shares Sold by Hurlow Wealth Management Group Inc.

Hurlow Wealth Management Group Inc. cut its holdings in Norfolk Southern Co. (NYSE:NSCFree Report) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,327 shares of the railroad operator’s stock after selling 66 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in Norfolk Southern were worth $550,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NSC. Axiom Financial Strategies LLC increased its stake in shares of Norfolk Southern by 9.2% during the first quarter. Axiom Financial Strategies LLC now owns 852 shares of the railroad operator’s stock worth $220,000 after acquiring an additional 72 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Norfolk Southern during the first quarter worth about $81,000. United Bank increased its stake in shares of Norfolk Southern by 2.0% during the first quarter. United Bank now owns 7,581 shares of the railroad operator’s stock worth $2,162,000 after acquiring an additional 148 shares during the period. Cetera Investment Advisers increased its stake in shares of Norfolk Southern by 4.6% during the first quarter. Cetera Investment Advisers now owns 8,640 shares of the railroad operator’s stock worth $2,464,000 after acquiring an additional 377 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Norfolk Southern by 13.3% during the first quarter. Sequoia Financial Advisors LLC now owns 1,946 shares of the railroad operator’s stock worth $555,000 after acquiring an additional 228 shares during the period. 72.37% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 1.0 %

Shares of NSC traded down $2.65 on Friday, hitting $255.83. 2,068,761 shares of the stock traded hands, compared to its average volume of 1,404,921. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $57.79 billion, a P/E ratio of 31.90, a P/E/G ratio of 3.53 and a beta of 1.30. The stock’s 50 day moving average is $247.14 and its two-hundred day moving average is $222.30. Norfolk Southern Co. has a 1 year low of $183.09 and a 1 year high of $263.66.

Norfolk Southern (NYSE:NSCGet Free Report) last announced its quarterly earnings data on Friday, January 26th. The railroad operator reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.04). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.42 EPS. As a group, sell-side analysts predict that Norfolk Southern Co. will post 12.14 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s payout ratio is 67.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NSC. Stifel Nicolaus lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating and dropped their price target for the stock from $250.00 to $233.00 in a research note on Monday, January 29th. Sanford C. Bernstein raised shares of Norfolk Southern from a “market perform” rating to an “outperform” rating and set a $272.00 price objective on the stock in a report on Monday, January 22nd. Bank of America raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $204.00 to $248.00 in a report on Friday, December 1st. UBS Group raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $238.00 to $302.00 in a report on Monday, March 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Norfolk Southern from $215.00 to $207.00 and set a “sector perform” rating on the stock in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Moderate Buy” and a consensus target price of $246.31.

Check Out Our Latest Report on NSC

Norfolk Southern Profile

(Free Report)

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.

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

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