Curio Wealth LLC Buys Shares of 313 Norfolk Southern Co. (NYSE:NSC)

Curio Wealth LLC bought a new stake in shares of Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 313 shares of the railroad operator’s stock, valued at approximately $73,000.

Several other institutional investors also recently bought and sold shares of NSC. Financial Life Planners bought a new position in Norfolk Southern during the fourth quarter valued at about $27,000. Keystone Financial Group Inc. bought a new position in shares of Norfolk Southern in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern in the fourth quarter worth about $27,000. Vision Financial Markets LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $28,000. Finally, Morse Asset Management Inc bought a new position in shares of Norfolk Southern in the third quarter worth about $30,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

NYSE:NSC opened at $232.75 on Monday. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The firm has a 50 day moving average of $246.30 and a 200-day moving average of $250.52. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $52.70 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last posted its earnings results 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 net margin of 21.63% and a return on equity of 20.04%. As a group, sell-side analysts anticipate that Norfolk Southern Co. will post 13 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. Investors of record on Friday, February 7th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.71%.

Insider Buying and Selling

In related news, Director Gilbert H. Lamphere acquired 607 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the transaction, the director now directly owns 2,487 shares of the company’s stock, valued at approximately $646,271.82. This trade represents a 32.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Norfolk Southern from $275.00 to $286.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Benchmark reissued a “buy” rating and set a $285.00 target price on shares of Norfolk Southern in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on Norfolk Southern in a research report on Friday, March 7th. They set a “buy” rating and a $293.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $276.95.

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.