HHM Wealth Advisors LLC Buys 87 Shares of Norfolk Southern Co. (NYSE:NSC)

HHM Wealth Advisors LLC lifted its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 9,741 shares of the railroad operator’s stock after acquiring an additional 87 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Norfolk Southern were worth $2,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in Norfolk Southern during the 3rd quarter worth approximately $25,000. Morse Asset Management Inc bought a new stake in shares of Norfolk Southern in the third quarter worth $30,000. Coastline Trust Co acquired a new position in Norfolk Southern during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in Norfolk Southern in the third quarter valued at $33,000. Finally, Versant Capital Management Inc lifted its position in Norfolk Southern by 54.4% during the 4th quarter. Versant Capital Management Inc now owns 193 shares of the railroad operator’s stock worth $45,000 after buying an additional 68 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sameh Fahmy purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Norfolk Southern Trading Down 0.7 %

Shares of NYSE:NSC opened at $255.44 on Monday. The stock has a market cap of $57.79 billion, a PE ratio of 22.10, a P/E/G ratio of 2.35 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 Co. has a 12-month low of $206.71 and a 12-month high of $277.60. The business has a 50 day moving average of $248.95 and a 200-day moving average of $249.05.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 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%. As a group, equities research analysts forecast that Norfolk Southern Co. will post 13.07 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, February 7th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, February 7th. Norfolk Southern’s dividend payout ratio is currently 46.71%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NSC. Bank of America raised their price objective on Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein upped their price objective on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Loop Capital raised their target price on shares of Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.74.

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.