Twinbeech Capital LP Has $10.64 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Twinbeech Capital LP lowered its position in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 78.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,342 shares of the railroad operator's stock after selling 168,375 shares during the quarter. Twinbeech Capital LP's holdings in Norfolk Southern were worth $10,642,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

NSC has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on Norfolk Southern from $265.00 to $247.00 and set a "hold" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Norfolk Southern in a report on Friday, March 7th. They issued a "buy" rating and a $293.00 price objective for the company. Bank of America increased their price objective on Norfolk Southern from $267.00 to $280.00 and gave the company a "buy" rating in a report on Friday. Finally, Susquehanna cut their price objective on Norfolk Southern from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.50.

Norfolk Southern Stock Down 1.0%

NSC stock opened at $243.76 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.31 and a beta of 1.30. The business's fifty day moving average price is $226.45 and its two-hundred day moving average price is $242.37. Norfolk Southern Co. has a fifty-two week low of $201.63 and a fifty-two week high of $277.60.

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 (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 analyst estimates of $3.01 billion. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company posted $2.49 earnings per share. On average, equities analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is currently 36.89%.

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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