ST Germain D J Co. Inc. Purchases 474 Shares of Norfolk Southern Co. (NYSE:NSC)

ST Germain D J Co. Inc. lifted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,859 shares of the railroad operator’s stock after acquiring an additional 474 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Norfolk Southern were worth $906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in shares of Norfolk Southern during the 3rd quarter worth $25,000. Morse Asset Management Inc bought a new position in shares of Norfolk Southern during the 3rd quarter worth $30,000. Coastline Trust Co bought a new position in shares of Norfolk Southern during the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Norfolk Southern during the 3rd quarter worth $33,000. Finally, HWG Holdings LP bought a new position in shares of Norfolk Southern during the 2nd quarter worth $31,000. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NSC shares. Evercore ISI cut their target price on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Benchmark raised their target price on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Insiders Place Their Bets

In other Norfolk Southern news, Director Sameh Fahmy acquired 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $233.62 on Friday. The stock has a market cap of $52.85 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.34 and a beta of 1.34. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The stock’s 50-day moving average is $253.27 and its 200 day moving average is $245.41.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. Norfolk Southern’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.65 EPS. On average, sell-side analysts anticipate that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st were paid a $1.35 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a yield of 2.31%. Norfolk Southern’s dividend payout ratio (DPR) 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.