Radnor Capital Management LLC Makes New $1.56 Million Investment in Norfolk Southern Co. (NYSE:NSC)

Radnor Capital Management LLC bought a new position in Norfolk Southern Co. (NYSE:NSC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,291 shares of the railroad operator’s stock, valued at approximately $1,563,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its holdings in Norfolk Southern by 60.9% during the first quarter. GSA Capital Partners LLP now owns 2,043 shares of the railroad operator’s stock valued at $521,000 after buying an additional 773 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Norfolk Southern during the 1st quarter worth about $45,000. Csenge Advisory Group boosted its stake in shares of Norfolk Southern by 3.9% during the 1st quarter. Csenge Advisory Group now owns 1,153 shares of the railroad operator’s stock worth $294,000 after purchasing an additional 43 shares during the period. SPC Financial Inc. purchased a new position in shares of Norfolk Southern during the 1st quarter worth about $460,000. Finally, Broderick Brian C purchased a new stake in Norfolk Southern in the 1st quarter valued at about $956,000. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Citigroup upped their price target 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 price objective on shares of Norfolk Southern from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Norfolk Southern from $270.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

Insider Buying and Selling

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

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $252.17 on Wednesday. The business’s fifty day moving average price is $250.55 and its two-hundred day moving average price is $237.17. Norfolk Southern Co. has a fifty-two week low of $192.53 and a fifty-two week high of $263.66. The stock has a market capitalization of $57.05 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.30. 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, beating the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.65 earnings per share. As a group, analysts predict that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $5.40 annualized dividend and a yield of 2.14%. Norfolk Southern’s payout ratio is currently 50.70%.

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.