Norfolk Southern Co. (NYSE:NSC) Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,448 shares of the railroad operator's stock after purchasing an additional 1,588 shares during the period. OMERS ADMINISTRATION Corp's holdings in Norfolk Southern were worth $2,217,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL boosted its stake in Norfolk Southern by 16.9% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator's stock worth $71,000 after buying an additional 44 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Norfolk Southern by 1.5% during the 4th quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator's stock worth $727,000 after acquiring an additional 45 shares during the period. Albert D Mason Inc. boosted its position in shares of Norfolk Southern by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator's stock valued at $1,615,000 after acquiring an additional 46 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of Norfolk Southern by 5.4% in the fourth quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator's stock valued at $225,000 after purchasing an additional 49 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Norfolk Southern by 2.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator's stock worth $588,000 after purchasing an additional 49 shares during the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSC has been the topic of several recent analyst reports. Loop Capital lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating and decreased their target price for the company from $289.00 to $256.00 in a report on Monday, February 3rd. Citigroup reduced their price target on shares of Norfolk Southern from $298.00 to $259.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on Norfolk Southern in a research report on Friday, March 7th. They issued a "buy" rating and a $293.00 price objective for the company. UBS Group reduced their target price on Norfolk Southern from $284.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI decreased their price target on Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Norfolk Southern presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.50.

Norfolk Southern Trading Up 0.9%

NYSE:NSC traded up $2.28 on Friday, reaching $246.19. 1,089,983 shares of the company's stock were exchanged, compared to its average volume of 1,208,273. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. Norfolk Southern Co. has a 52-week low of $201.63 and a 52-week high of $277.60. 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 business has a fifty day moving average of $226.19 and a 200-day moving average of $242.47.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings data 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 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 for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 EPS. As a group, analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, May 2nd. Norfolk Southern's dividend payout ratio is currently 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.