Bank of Jackson Hole Trust Makes New $27,000 Investment in Norfolk Southern Co. (NYSE:NSC)

Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 117 shares of the railroad operator’s stock, valued at approximately $27,000.

Several other institutional investors have also recently made changes to their positions in the stock. Lake Street Advisors Group LLC lifted its position in shares of Norfolk Southern by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock worth $563,000 after acquiring an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its position in shares of Norfolk Southern by 2.4% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock worth $435,000 after acquiring an additional 41 shares in the last quarter. Archer Investment Corp lifted its position in shares of Norfolk Southern by 2.3% during the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after acquiring an additional 43 shares in the last quarter. Albert D Mason Inc. lifted its position in shares of Norfolk Southern by 0.7% during the fourth quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock worth $1,615,000 after acquiring an additional 46 shares in the last quarter. Finally, Maia Wealth LLC lifted its position in shares of Norfolk Southern by 4.7% during the third quarter. Maia Wealth LLC now owns 1,044 shares of the railroad operator’s stock worth $264,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.1 %

NYSE NSC opened at $249.40 on Friday. The stock’s 50-day simple moving average is $245.43 and its two-hundred day simple moving average is $250.60. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a market capitalization of $56.47 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.39 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. Research analysts forecast that Norfolk Southern Co. will post 13.02 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.17%. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.71%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NSC. Barclays increased their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $285.00 price objective on shares of Norfolk Southern in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Stephens increased their price objective on Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Citigroup increased their price objective on Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Norfolk Southern currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.11.

Insider Activity

In other Norfolk Southern news, Director Gilbert H. Lamphere bought 607 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $259.86 per share, with a total value of $157,735.02. Following the completion of the purchase, the director now directly owns 2,487 shares of the company’s stock, valued at $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

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.