Lehman Financial Resources Inc. Takes $207,000 Position in Norfolk Southern Corp. (NSC)

Lehman Financial Resources Inc. bought a new position in Norfolk Southern Corp. (NYSE:NSC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,433 shares of the railroad operator’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Krilogy Financial LLC raised its holdings in shares of Norfolk Southern by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock valued at $104,000 after acquiring an additional 22 shares during the period. Sawyer & Company Inc acquired a new stake in shares of Norfolk Southern during the fourth quarter valued at approximately $104,000. Arcadia Investment Management Corp MI raised its holdings in shares of Norfolk Southern by 165.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock valued at $121,000 after acquiring an additional 520 shares during the period. Atlantic Trust LLC acquired a new stake in shares of Norfolk Southern during the second quarter valued at approximately $144,000. Finally, Welch Investments LLC acquired a new stake in shares of Norfolk Southern during the fourth quarter valued at approximately $156,000. Institutional investors and hedge funds own 72.93% of the company’s stock.

Norfolk Southern Corp. (NYSE:NSC) opened at $142.25 on Thursday. Norfolk Southern Corp. has a 1 year low of $109.27 and a 1 year high of $157.15. The company has a market cap of $39,847.64, a P/E ratio of 7.59, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.13. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. equities analysts anticipate that Norfolk Southern Corp. will post 8.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 2nd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.61. This represents a $2.88 dividend on an annualized basis and a yield of 2.02%. Norfolk Southern’s payout ratio is presently 15.38%.

A number of equities research analysts have recently issued reports on NSC shares. Loop Capital lowered shares of Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 price target on the stock. in a report on Monday, November 27th. ValuEngine upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Scotiabank upgraded shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Friday, January 12th. Finally, TD Securities boosted their price target on shares of Norfolk Southern from $130.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $140.85.

In other Norfolk Southern news, Chairman James A. Squires sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.10, for a total value of $1,501,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Hurlbut sold 467 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.17, for a total transaction of $70,129.39. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at $750,850. The disclosure for this sale can be found here. Insiders have sold 19,012 shares of company stock worth $2,690,734 over the last ninety days. 0.36% of the stock is currently owned by insiders.

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Norfolk Southern Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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