Teza Capital Management LLC Buys 2,385 Shares of Norfolk Southern Co. (NYSE:NSC)

Teza Capital Management LLC grew its stake in Norfolk Southern Co. (NYSE:NSC - Free Report) by 119.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380 shares of the railroad operator's stock after buying an additional 2,385 shares during the period. Teza Capital Management LLC's holdings in Norfolk Southern were worth $1,028,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Norfolk Southern during the fourth quarter valued at about $27,000. Keystone Financial Group Inc. bought a new position in shares of Norfolk Southern during the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Norfolk Southern during the 4th quarter valued at about $27,000. Vision Financial Markets LLC bought a new stake in Norfolk Southern in the 4th quarter worth approximately $28,000. Finally, Atlantic Private Wealth LLC bought a new position in Norfolk Southern during the fourth quarter valued at approximately $29,000. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Up 0.0%

Norfolk Southern stock traded up $0.10 during trading hours on Thursday, hitting $239.52. 957,246 shares of the stock traded hands, compared to its average volume of 1,210,691. Norfolk Southern Co. has a one year low of $201.63 and a one year high of $277.60. The firm's 50-day moving average price is $226.92 and its two-hundred day moving average price is $242.36. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The company has a market cap of $54.00 billion, a PE ratio of 20.72, a PEG ratio of 2.31 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share 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 analysts' expectations of $3.01 billion. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. Norfolk Southern's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share. On average, research analysts forecast that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, May 2nd. Norfolk Southern's dividend payout ratio is 36.89%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reissued a "market perform" rating and issued a $255.00 target price on shares of Norfolk Southern in a research note on Thursday, April 24th. UBS Group dropped their target price on Norfolk Southern from $284.00 to $275.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on Norfolk Southern in a research note on Friday, March 7th. They issued a "buy" rating and a $293.00 price target on the stock. Finally, Stephens increased their price objective on Norfolk Southern from $260.00 to $275.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of "Moderate Buy" and a consensus price target of $266.50.

Norfolk Southern 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.