Greenhouse Wealth Management LLC Trims Stock Position in Norfolk Southern Co. (NYSE:NSC)

Greenhouse Wealth Management LLC trimmed its stake in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 66.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900 shares of the railroad operator's stock after selling 1,798 shares during the quarter. Greenhouse Wealth Management LLC's holdings in Norfolk Southern were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in NSC. Bank of Jackson Hole Trust purchased a new position in Norfolk Southern during the fourth quarter valued at $27,000. Vision Financial Markets LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $28,000. Fourth Dimension Wealth LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $28,000. Atlantic Private Wealth LLC purchased a new stake in shares of Norfolk Southern in the fourth quarter worth about $29,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Norfolk Southern in the fourth quarter worth about $30,000. 75.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup decreased their price objective on Norfolk Southern from $298.00 to $259.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets reissued a "market perform" rating and issued a $255.00 price objective on shares of Norfolk Southern in a research note on Thursday, April 24th. UBS Group increased their price objective on Norfolk Southern from $275.00 to $279.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Deutsche Bank Aktiengesellschaft started coverage on Norfolk Southern in a research report on Friday, March 7th. They set a "buy" rating and a $293.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Norfolk Southern has an average rating of "Moderate Buy" and a consensus price target of $267.24.

Norfolk Southern Price Performance

NSC traded down $3.17 during trading on Friday, reaching $248.30. The company's stock had a trading volume of 916,879 shares, compared to its average volume of 1,234,234. 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 firm has a fifty day simple moving average of $232.84 and a two-hundred day simple moving average of $239.87. Norfolk Southern Co. has a 1 year low of $201.63 and a 1 year high of $277.60. The company has a market cap of $55.98 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.31 and a beta of 1.32.

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

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, May 2nd. Norfolk Southern's payout ratio is presently 36.89%.

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.