Curio Wealth LLC Purchases 311 Shares of Norfolk Southern Corporation $NSC

Curio Wealth LLC grew its position in Norfolk Southern Corporation (NYSE:NSC) by 15,550.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 313 shares of the railroad operator’s stock after acquiring an additional 311 shares during the period. Curio Wealth LLC’s holdings in Norfolk Southern were worth $80,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC raised its holdings in Norfolk Southern by 2.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 1,640 shares of the railroad operator’s stock valued at $420,000 after acquiring an additional 37 shares during the period. Gables Capital Management Inc. grew its position in shares of Norfolk Southern by 2.7% during the 2nd quarter. Gables Capital Management Inc. now owns 1,466 shares of the railroad operator’s stock worth $375,000 after purchasing an additional 38 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Norfolk Southern by 1.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock worth $622,000 after purchasing an additional 40 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after purchasing an additional 43 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida grew its position in shares of Norfolk Southern by 4.9% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the topic of a number of analyst reports. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on shares of Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Barclays increased their price target on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Bank of America increased their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Loop Capital increased their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research report on Tuesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $299.70.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $280.29 on Friday. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market capitalization of $62.96 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.55 and a beta of 1.33. The company’s 50 day moving average price is $285.78 and its two-hundred day moving average price is $262.19.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a net margin of 24.22% and a return on equity of 19.13%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $3.25 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, November 7th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, November 7th. Norfolk Southern’s payout ratio is 36.49%.

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.