CKW Financial Group Has $174,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

CKW Financial Group lifted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 700 shares of the railroad operator’s stock after buying an additional 50 shares during the quarter. CKW Financial Group’s holdings in Norfolk Southern were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. EdgePoint Investment Group Inc. lifted its position in Norfolk Southern by 1.0% during the second quarter. EdgePoint Investment Group Inc. now owns 3,789,436 shares of the railroad operator’s stock worth $813,554,000 after purchasing an additional 37,386 shares during the period. American Century Companies Inc. lifted its holdings in shares of Norfolk Southern by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 3,356,590 shares of the railroad operator’s stock worth $720,626,000 after acquiring an additional 496,088 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Norfolk Southern by 18,831.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock worth $819,553,000 after acquiring an additional 3,280,579 shares during the period. Boston Partners boosted its position in shares of Norfolk Southern by 157.1% during the 1st quarter. Boston Partners now owns 2,890,665 shares of the railroad operator’s stock worth $735,749,000 after acquiring an additional 1,766,135 shares in the last quarter. Finally, FMR LLC increased its stake in Norfolk Southern by 48.4% in the third quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock valued at $671,532,000 after acquiring an additional 881,415 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark raised their target price on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna raised their price objective on Norfolk Southern from $280.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America boosted their target price on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI dropped their price objective on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Trading Down 0.5 %

Shares of NYSE:NSC traded down $1.42 during trading on Tuesday, reaching $274.51. The stock had a trading volume of 239,221 shares, compared to its average volume of 1,248,991. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The firm’s fifty day moving average is $254.48 and its 200 day moving average is $240.30. The stock has a market cap of $62.11 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.55 and a beta of 1.30.

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

Norfolk Southern Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.97%. Norfolk Southern’s payout ratio is currently 50.70%.

About Norfolk Southern

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.