HHM Wealth Advisors LLC Has $2.29 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

HHM Wealth Advisors LLC increased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,741 shares of the railroad operator’s stock after buying an additional 87 shares during the period. HHM Wealth Advisors LLC’s holdings in Norfolk Southern were worth $2,286,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Lake Street Advisors Group LLC raised its holdings in Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after acquiring an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in shares of Norfolk Southern by 2.4% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after purchasing an additional 41 shares during the period. Foster Victor Wealth Advisors LLC raised its stake in shares of Norfolk Southern by 4.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock valued at $256,000 after purchasing an additional 42 shares in the last quarter. Stratos Investment Management LLC lifted its position in Norfolk Southern by 3.8% in the third quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock worth $287,000 after purchasing an additional 42 shares during the period. Finally, Archer Investment Corp boosted its stake in Norfolk Southern by 2.3% during the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after buying an additional 43 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NSC. JPMorgan Chase & Co. raised their price objective on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup raised their price target on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stephens upped their price objective on Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group raised their target price on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital upped their price target on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.74.

Insider Buying and Selling

In related news, Director Sameh Fahmy bought 350 shares of Norfolk Southern stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Norfolk Southern Price Performance

NSC opened at $255.44 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The company’s 50 day simple moving average is $248.95 and its 200-day simple moving average is $249.05. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The stock has a market capitalization of $57.79 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.35 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Norfolk Southern Co. will post 13.07 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, February 20th. Stockholders of record on Friday, February 7th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, February 7th. Norfolk Southern’s dividend payout ratio is 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.