Constitution Capital LLC Has $474,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

Constitution Capital LLC raised its position in Norfolk Southern Co. (NYSE:NSC - Free Report) by 100.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the railroad operator's stock after purchasing an additional 1,000 shares during the quarter. Constitution Capital LLC's holdings in Norfolk Southern were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Curat Global LLC purchased a new position in Norfolk Southern in the first quarter valued at about $214,000. Salvus Wealth Management LLC grew its stake in Norfolk Southern by 15.7% in the first quarter. Salvus Wealth Management LLC now owns 4,929 shares of the railroad operator's stock valued at $1,167,000 after purchasing an additional 668 shares in the last quarter. Boltwood Capital Management grew its stake in Norfolk Southern by 4.5% in the first quarter. Boltwood Capital Management now owns 2,328 shares of the railroad operator's stock valued at $551,000 after purchasing an additional 101 shares in the last quarter. Bridge Creek Capital Management LLC grew its stake in Norfolk Southern by 3.9% in the first quarter. Bridge Creek Capital Management LLC now owns 10,831 shares of the railroad operator's stock valued at $2,565,000 after purchasing an additional 405 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in Norfolk Southern by 7.0% in the first quarter. RFG Advisory LLC now owns 1,157 shares of the railroad operator's stock valued at $274,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $250.89 on Friday. The business has a 50 day moving average price of $229.42 and a 200 day moving average price of $240.74. Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.60. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.31 and a beta of 1.32. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The company's revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. Research analysts predict that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.15%. Norfolk Southern's dividend payout ratio (DPR) is 36.89%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays lowered their target price on Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price target on Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price target on Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Susquehanna decreased their price target on Norfolk Southern from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $278.00 price target on shares of Norfolk Southern in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $267.24.

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.

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