Hudson Value Partners LLC Makes New Investment in Norfolk Southern Co. (NYSE:NSC)

Hudson Value Partners LLC purchased a new position in shares of Norfolk Southern Co. (NYSE:NSC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 850 shares of the railroad operator’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new position in shares of Norfolk Southern during the third quarter valued at about $25,000. Cedar Wealth Management LLC purchased a new position in Norfolk Southern in the 1st quarter worth approximately $27,000. 1620 Investment Advisors Inc. bought a new stake in Norfolk Southern in the second quarter valued at approximately $27,000. Financial Connections Group Inc. bought a new position in shares of Norfolk Southern in the second quarter worth approximately $31,000. Finally, HWG Holdings LP purchased a new position in shares of Norfolk Southern in the second quarter worth $31,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Down 2.2 %

Shares of NYSE NSC opened at $270.88 on Friday. The company has a market cap of $61.28 billion, a P/E ratio of 25.43, a PEG ratio of 2.35 and a beta of 1.30. The firm has a 50-day simple moving average of $251.09 and a two-hundred day simple moving average of $237.45. Norfolk Southern Co. has a 1 year low of $193.15 and a 1 year high of $277.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. Research analysts anticipate that Norfolk Southern Co. will post 11.81 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $5.40 annualized dividend and a yield of 1.99%. Norfolk Southern’s dividend payout ratio (DPR) is currently 50.70%.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the transaction, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the sale, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameh Fahmy acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $2,550,000. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NSC has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Norfolk Southern from $294.00 to $302.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on Norfolk Southern from $275.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Benchmark raised their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America lifted their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their target price on shares of Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

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.