Bryn Mawr Capital Management LLC Buys 37,523 Shares of Norfolk Southern Co. (NYSE:NSC)

Bryn Mawr Capital Management LLC increased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 1,805.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,601 shares of the railroad operator’s stock after purchasing an additional 37,523 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Norfolk Southern were worth $9,294,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NSC. Highline Wealth Partners LLC acquired a new stake in shares of Norfolk Southern during the third quarter worth approximately $25,000. Financial Life Planners acquired a new stake in Norfolk Southern during the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new position in Norfolk Southern in the 4th quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new position in Norfolk Southern in the fourth quarter worth $27,000. Finally, Morse Asset Management Inc bought a new stake in shares of Norfolk Southern during the third quarter worth $30,000. 75.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $285.00 price target on shares of Norfolk Southern in a research report on Thursday, January 30th. Robert W. Baird upped their target price on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. UBS Group upped their price objective on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Loop Capital cut Norfolk Southern from a “buy” rating to a “hold” rating and lowered their target price for the company from $289.00 to $256.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Insider Activity

In other news, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gilbert H. Lamphere acquired 607 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $259.86 per share, with a total value of $157,735.02. Following the completion of the acquisition, the director now owns 2,487 shares of the company’s stock, valued at $646,271.82. This represents a 32.29 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Price Performance

NSC opened at $248.96 on Thursday. The company has a fifty day simple moving average of $245.41 and a 200 day simple moving average of $250.61. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The stock has a market cap of $56.37 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.37 and a beta of 1.35. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. On average, research analysts expect that Norfolk Southern Co. will post 13.02 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, February 7th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 7th. Norfolk Southern’s payout ratio is currently 46.71%.

About Norfolk Southern

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.