Citizens & Northern Corp Has $2.22 Million Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Citizens & Northern Corp boosted its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,474 shares of the railroad operator’s stock after buying an additional 206 shares during the period. Norfolk Southern comprises 0.6% of Citizens & Northern Corp’s investment portfolio, making the stock its 28th largest holding. Citizens & Northern Corp’s holdings in Norfolk Southern were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp increased its holdings in shares of Norfolk Southern by 9.7% in the 4th quarter. Truist Financial Corp now owns 240,796 shares of the railroad operator’s stock valued at $56,515,000 after purchasing an additional 21,335 shares during the period. CIBC Asset Management Inc increased its stake in Norfolk Southern by 2.3% in the 4th quarter. CIBC Asset Management Inc now owns 44,743 shares of the railroad operator’s stock valued at $10,501,000 after buying an additional 997 shares during the period. Sanctuary Advisors LLC lifted its position in Norfolk Southern by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 47,712 shares of the railroad operator’s stock worth $12,272,000 after buying an additional 1,465 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of Norfolk Southern by 1.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 8,765 shares of the railroad operator’s stock valued at $2,057,000 after buying an additional 83 shares during the period. Finally, Hoge Financial Services LLC purchased a new position in shares of Norfolk Southern during the 4th quarter valued at $238,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

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

Norfolk Southern Stock Down 0.5 %

NSC opened at $255.90 on Tuesday. The firm has a market cap of $57.94 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.32 and a beta of 1.35. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. The firm’s 50-day simple moving average is $245.35 and its 200-day simple moving average is $250.45. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60.

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

Norfolk Southern Announces Dividend

The firm also recently disclosed 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 2.11%. The ex-dividend date is Friday, February 7th. Norfolk Southern’s dividend payout ratio is currently 46.71%.

Analysts Set New Price Targets

NSC has been the topic of a number of recent research reports. Loop Capital downgraded 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. Citigroup boosted their price target on Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America raised their price objective on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stephens boosted their target price on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, TD Cowen raised their price target on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.11.

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.