Wolverine Asset Management LLC Has $3.67 Million Holdings in Norfolk Southern Corporation $NSC

Key Points

• Wolverine Asset Management LLC increased its stake in Norfolk Southern by 57.8% in Q4, adding 4,650 shares to hold 12,700 shares valued at about $3.67 million.
• Norfolk Southern beat quarterly EPS estimates ($2.65 vs $2.49) but missed revenue expectations, and declared a quarterly dividend of $1.35 per share (annualized $5.40, yield 1.7%, ex-dividend May 8).
• Institutional investors own 75.10% of NSC; analysts have a consensus "Hold" rating with an average target of $320.67, while the stock trades near $311.52 with a market cap around $70 billion.

Wolverine Asset Management LLC lifted its stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 57.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,700 shares of the railroad operator's stock after purchasing an additional 4,650 shares during the period. Wolverine Asset Management LLC's holdings in Norfolk Southern were worth $3,667,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NSC. Brighton Jones LLC lifted its position in shares of Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after purchasing an additional 79 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Norfolk Southern by 40.4% during the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator's stock worth $1,527,000 after purchasing an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Norfolk Southern during the second quarter worth approximately $327,000. Schnieders Capital Management LLC. lifted its position in shares of Norfolk Southern by 64.1% during the second quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator's stock worth $1,094,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Norfolk Southern by 185.1% during the second quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator's stock worth $1,174,000 after purchasing an additional 2,979 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 1.4%

NSC opened at $311.52 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The company has a market cap of $69.96 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 5.84 and a beta of 1.30. The firm has a 50 day simple moving average of $299.64 and a 200 day simple moving average of $294.41. Norfolk Southern Corporation has a fifty-two week low of $218.05 and a fifty-two week high of $323.37.

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

Norfolk Southern Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSC. Evercore set a $325.00 target price on shares of Norfolk Southern in a research report on Friday, April 24th. UBS Group lowered shares of Norfolk Southern from a "buy" rating to a "neutral" rating and set a $342.00 target price on the stock. in a research report on Friday, February 6th. Robert W. Baird upped their target price on shares of Norfolk Southern from $315.00 to $330.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 28th. Citigroup reiterated a "neutral" rating on shares of Norfolk Southern in a research report on Friday, April 24th. Finally, TD Cowen upped their target price on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $320.67.

Norfolk Southern Profile

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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