EntryPoint Capital LLC Makes New $542,000 Investment in Norfolk Southern Co. (NYSE:NSC)

EntryPoint Capital LLC acquired a new stake in shares of Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,309 shares of the railroad operator’s stock, valued at approximately $542,000.

A number of other large investors also recently modified their holdings of NSC. Financial Life Planners purchased a new stake in Norfolk Southern in the fourth quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new stake in shares of Norfolk Southern in the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at $27,000. Morse Asset Management Inc bought a new position in shares of Norfolk Southern during the 3rd quarter valued at $30,000. Finally, Vision Financial Markets LLC purchased a new position in Norfolk Southern in the 4th quarter worth $28,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NSC shares. Stephens upped their price target on shares of Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird raised their target price on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Susquehanna decreased their target price on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $276.63.

Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere purchased 607 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the purchase, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82. This trade represents a 32.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by company insiders.

Norfolk Southern Price Performance

Shares of NSC stock opened at $236.11 on Tuesday. The business’s fifty day moving average is $246.01 and its 200 day moving average is $249.63. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The stock has a market cap of $53.46 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60.

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

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were paid a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 annualized dividend and a dividend yield of 2.29%. Norfolk Southern’s payout ratio is currently 46.71%.

Norfolk Southern Company 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.