Voya Investment Management LLC Has $10.55 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

Voya Investment Management LLC trimmed its holdings in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,959 shares of the railroad operator's stock after selling 3,315 shares during the period. Voya Investment Management LLC's holdings in Norfolk Southern were worth $10,552,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cartenna Capital LP bought a new position in Norfolk Southern in the fourth quarter worth about $21,938,000. Adage Capital Partners GP L.L.C. raised its position in shares of Norfolk Southern by 67.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 178,752 shares of the railroad operator's stock worth $41,953,000 after purchasing an additional 72,298 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Norfolk Southern by 179.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 288 shares of the railroad operator's stock worth $67,000 after purchasing an additional 185 shares during the last quarter. Brasada Capital Management LP acquired a new position in Norfolk Southern during the 4th quarter valued at approximately $1,728,000. Finally, MGO One Seven LLC grew its stake in Norfolk Southern by 45.8% during the 4th quarter. MGO One Seven LLC now owns 3,924 shares of the railroad operator's stock worth $921,000 after buying an additional 1,232 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Price Performance

Shares of NYSE:NSC traded up $2.51 on Friday, reaching $224.28. 1,051,035 shares of the company traded hands, compared to its average volume of 1,237,821. The stock has a market capitalization of $50.56 billion, a PE ratio of 19.40, a P/E/G ratio of 2.31 and a beta of 1.30. 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 company's 50 day moving average is $227.96 and its 200-day moving average is $244.01. 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 announced its earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 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 analysts' expectations 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 period in the prior year, the company earned $2.49 earnings per share. As a group, analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 2nd will be given a $1.35 dividend. The ex-dividend date is Friday, May 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.41%. Norfolk Southern's dividend payout ratio (DPR) is presently 36.89%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Norfolk Southern from $284.00 to $275.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Benchmark reissued a "buy" rating and set a $285.00 target price on shares of Norfolk Southern in a research note on Thursday, January 30th. Jefferies Financial Group decreased their target price on shares of Norfolk Southern from $285.00 to $260.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Loop Capital cut Norfolk Southern from a "buy" rating to a "hold" rating and lowered their target price for the company from $289.00 to $256.00 in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $266.10.

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.