Norfolk Southern Co. (NYSE:NSC) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC raised its position in shares of Norfolk Southern Co. (NYSE:NSC) by 14.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,165 shares of the railroad operator’s stock after buying an additional 636 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Norfolk Southern were worth $1,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSC. Allspring Global Investments Holdings LLC boosted its position in Norfolk Southern by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,314 shares of the railroad operator’s stock valued at $2,812,000 after buying an additional 511 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Norfolk Southern by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock valued at $3,556,000 after acquiring an additional 2,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Norfolk Southern by 3.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,763 shares of the railroad operator’s stock valued at $11,123,000 after purchasing an additional 1,529 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Norfolk Southern by 11.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 79,305 shares of the railroad operator’s stock worth $19,468,000 after purchasing an additional 8,249 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in Norfolk Southern by 17.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 1,162 shares of the railroad operator’s stock worth $294,000 after purchasing an additional 171 shares during the period. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 1.4 %

NYSE:NSC opened at $241.77 on Thursday. The company has a market capitalization of $54.74 billion, a PE ratio of 20.91, a P/E/G ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60. The stock’s 50 day moving average price is $245.60 and its 200 day moving average price is $250.77. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. On average, research analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.23%. Norfolk Southern’s payout ratio is 46.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSC. Loop Capital cut Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price objective for the company from $289.00 to $256.00 in a research note on Monday, February 3rd. Stephens lifted their price target on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird lifted their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Barclays increased their target price on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $276.11.

Insider Transactions at Norfolk Southern

In related news, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gilbert H. Lamphere acquired 607 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the transaction, the director now owns 2,487 shares in the company, valued at $646,271.82. The trade was a 32.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

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.