Brasada Capital Management LP Invests $1.73 Million in Norfolk Southern Co. (NYSE:NSC)

Brasada Capital Management LP bought a new position in Norfolk Southern Co. (NYSE:NSC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,332 shares of the railroad operator's stock, valued at approximately $1,728,000.

A number of other hedge funds have also recently modified their holdings of NSC. Financial Life Planners bought a new stake in Norfolk Southern during the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new position in Norfolk Southern during the 4th quarter worth about $27,000. Bank of Jackson Hole Trust purchased a new position in Norfolk Southern during the 4th quarter valued at about $27,000. Vision Financial Markets LLC bought a new stake in shares of Norfolk Southern in the 4th quarter valued at about $28,000. Finally, Atlantic Private Wealth LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter worth approximately $29,000. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Performance

NSC traded down $1.37 on Monday, reaching $220.35. The stock had a trading volume of 412,747 shares, compared to its average volume of 1,251,383. The business's 50-day moving average price is $230.35 and its two-hundred day moving average price is $244.92. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. Norfolk Southern Co. has a 12-month low of $201.63 and a 12-month high of $277.60. The company has a market cap of $54.33 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share. Sell-side analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is 36.89%.

Analyst Ratings Changes

NSC has been the topic of several recent research reports. Benchmark reaffirmed a "buy" rating and set a $285.00 target price on shares of Norfolk Southern in a research report on Thursday, January 30th. UBS Group reduced their target price on shares of Norfolk Southern from $284.00 to $275.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company lowered their price target on shares of Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. BMO Capital Markets reiterated a "market perform" rating and set a $255.00 price objective on shares of Norfolk Southern in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $266.10.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Gilbert H. Lamphere acquired 607 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost 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 of the company's stock, valued at approximately $646,271.82. The trade was a 32.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company's stock.

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.