Norfolk Southern Co. (NYSE:NSC) Shares Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC grew its position in shares of Norfolk Southern Co. (NYSE:NSC) by 24.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,716 shares of the railroad operator’s stock after acquiring an additional 540 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Norfolk Southern were worth $638,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new position in shares of Norfolk Southern in the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new stake in Norfolk Southern during the fourth quarter valued at approximately $27,000. Morse Asset Management Inc purchased a new stake in shares of Norfolk Southern during the third quarter valued at $30,000. Coastline Trust Co purchased a new stake in shares of Norfolk Southern in the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Norfolk Southern in the third quarter worth approximately $33,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Activity

In other Norfolk Southern news, Director Gilbert H. Lamphere purchased 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, with a total value of $157,735.02. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen boosted their target price on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Loop Capital lowered Norfolk Southern from a “buy” rating to a “hold” rating and reduced their price target for the stock from $289.00 to $256.00 in a research report on Monday. Benchmark restated a “buy” rating and issued a $285.00 price target on shares of Norfolk Southern in a report on Thursday, January 30th. Barclays increased their price objective on shares of Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $252.66 on Thursday. The stock has a fifty day moving average price of $247.98 and a 200 day moving average price of $249.47. The company has a market cap of $57.16 billion, a PE ratio of 21.86, a P/E/G ratio of 2.35 and a beta of 1.35. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share 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%. Sell-side analysts forecast that Norfolk Southern Co. will post 13.07 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Friday, February 7th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, February 7th. This represents a $5.40 annualized dividend and a yield of 2.14%. Norfolk Southern’s dividend payout ratio is currently 46.71%.

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.