Aurora Private Wealth Inc. Makes New $1.12 Million Investment in Norfolk Southern Corporation $NSC

Key Points

• Aurora Private Wealth Inc. bought a new position of 3,870 shares in Norfolk Southern during Q4, valued at about $1.12 million, and institutional investors now own roughly 75.10% of the company.
• Norfolk Southern reported quarterly EPS of $2.65 (beating the $2.49 consensus) while revenue of $3.0 billion missed estimates of $3.13 billion, and analysts project about $12.11 in EPS for the year.
• The company declared a quarterly dividend of $1.35 per share (annualized $5.40) with an ex-dividend date of May 8 and a yield near 1.7%, and the consensus analyst rating remains a Hold with an average target price of $320.67.

Aurora Private Wealth Inc. bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,870 shares of the railroad operator's stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its stake in Norfolk Southern by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator's stock worth $726,000 after purchasing an additional 35 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Norfolk Southern by 4.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 791 shares of the railroad operator's stock worth $228,000 after purchasing an additional 35 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in Norfolk Southern by 1.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 3,090 shares of the railroad operator's stock worth $892,000 after purchasing an additional 35 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in Norfolk Southern by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator's stock worth $929,000 after purchasing an additional 35 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company's stock.

Norfolk Southern Stock Up 0.1%

NYSE NSC opened at $316.26 on Friday. Norfolk Southern Corporation has a 52 week low of $218.05 and a 52 week high of $323.37. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The business's fifty day simple moving average is $299.64 and its 200-day simple moving average is $294.38. The firm has a market cap of $71.03 billion, a PE ratio of 26.64, a P/E/G ratio of 5.84 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 8th. Norfolk Southern's payout ratio is currently 45.49%.

Analyst Ratings Changes

NSC has been the topic of several recent research reports. Sanford C. Bernstein lowered their target price on shares of Norfolk Southern from $322.00 to $313.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 31st. Citigroup reaffirmed a "neutral" rating on shares of Norfolk Southern in a research note on Friday, April 24th. Evercore set a $325.00 target price on shares of Norfolk Southern in a research note on Friday, April 24th. TD Cowen lifted their target price on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price target on Norfolk Southern from $310.00 to $360.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of "Hold" and an average target price of $320.67.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.

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