Albert D Mason Inc. Reduces Position in Norfolk Southern Corporation $NSC

Key Points

• Albert D Mason Inc. reduced its holdings in Norfolk Southern Corporation by 20.5% during the 2nd quarter, bringing their stake to 5,530 shares valued at approximately $1.42 million.
• Norfolk Southern recently reported quarterly earnings of $3.29 per share, surpassing analysts' expectations, with a revenue of $3.11 billion.
• The company announced a quarterly dividend of $1.35 per share, translating to an annualized dividend yield of 1.9%.

Albert D Mason Inc. lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,530 shares of the railroad operator's stock after selling 1,425 shares during the period. Albert D Mason Inc.'s holdings in Norfolk Southern were worth $1,416,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NSC. WPG Advisers LLC purchased a new stake in Norfolk Southern during the 1st quarter valued at about $27,000. HWG Holdings LP purchased a new stake in Norfolk Southern during the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its stake in Norfolk Southern by 129.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock valued at $35,000 after acquiring an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Norfolk Southern during the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its stake in Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock valued at $42,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $289.86 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The stock has a market capitalization of $65.11 billion, a P/E ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33. The company has a 50 day moving average price of $285.14 and a 200 day moving average price of $259.78. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping analysts' consensus estimates of $3.24 by $0.05. The firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern's dividend payout ratio (DPR) is presently 36.49%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Norfolk Southern from $305.00 to $316.00 and gave the company a "neutral" rating in a research note on Monday. Susquehanna increased their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a "neutral" rating in a research note on Thursday, September 25th. Loop Capital increased their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a "hold" rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of Norfolk Southern in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $293.80.

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.

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