M. Kraus & Co Increases Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)

M. Kraus & Co raised its holdings in Norfolk Southern Corp. (NYSE:NSC) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,763 shares of the railroad operator’s stock after acquiring an additional 237 shares during the quarter. Norfolk Southern makes up 4.7% of M. Kraus & Co’s holdings, making the stock its 4th largest holding. M. Kraus & Co’s holdings in Norfolk Southern were worth $8,581,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Krane Funds Advisors LLC purchased a new stake in shares of Norfolk Southern in the 2nd quarter worth $26,000. Weaver Consulting Group purchased a new stake in shares of Norfolk Southern in the 1st quarter worth $30,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Norfolk Southern in the 2nd quarter worth $35,000. AGF Investments LLC lifted its holdings in shares of Norfolk Southern by 173.5% in the 2nd quarter. AGF Investments LLC now owns 186 shares of the railroad operator’s stock worth $37,000 after buying an additional 118 shares during the period. Finally, Coastal Capital Group Inc. purchased a new stake in shares of Norfolk Southern in the 2nd quarter worth $40,000. 72.23% of the stock is currently owned by institutional investors.

Shares of NYSE NSC traded up $2.88 during mid-day trading on Thursday, reaching $171.99. 96,480 shares of the company were exchanged, compared to its average volume of 1,634,429. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock has a market cap of $45.22 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.46 and a beta of 1.36. Norfolk Southern Corp. has a 1 year low of $138.65 and a 1 year high of $211.46. The firm has a 50-day moving average of $176.05 and a 200 day moving average of $189.98.



Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, July 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.07). Norfolk Southern had a return on equity of 18.24% and a net margin of 24.15%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the company earned $2.50 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Norfolk Southern Corp. will post 10.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 5th were paid a $0.94 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.86. This represents a $3.76 dividend on an annualized basis and a yield of 2.19%. Norfolk Southern’s dividend payout ratio (DPR) is 39.54%.

In other Norfolk Southern news, Director Jennifer F. Scanlon purchased 525 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $191.52 per share, for a total transaction of $100,548.00. Following the completion of the purchase, the director now owns 525 shares in the company, valued at approximately $100,548. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Several brokerages have weighed in on NSC. Bank of America lowered their target price on Norfolk Southern from $212.00 to $198.00 and set a “buy” rating for the company in a report on Tuesday. Cascend Securities cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. UBS Group lowered their target price on Norfolk Southern from $230.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Goldman Sachs Group assumed coverage on Norfolk Southern in a research note on Wednesday, July 10th. They set a “buy” rating and a $237.00 price objective for the company. Finally, ValuEngine cut Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Norfolk Southern currently has a consensus rating of “Hold” and an average target price of $206.22.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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

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