Beverly Hills Private Wealth LLC Buys 1,450 Shares of Norfolk Southern Corporation $NSC

Key Points

• Beverly Hills Private Wealth LLC increased its stake in Norfolk Southern by 16.1% after purchasing 1,450 additional shares, bringing its total holdings to 10,472 shares valued at approximately $2.68 million.
• Norfolk Southern's stock price has shown growth, experiencing a 0.5% increase recently and ranging between a 52-week low of $201.63 and a high of $302.24.
• Multiple institutional investors have raised their stakes in Norfolk Southern, with over 75.10% of the stock now held by hedge funds and institutional investors.

Beverly Hills Private Wealth LLC lifted its stake in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,472 shares of the railroad operator's stock after purchasing an additional 1,450 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Norfolk Southern were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Calamos Wealth Management LLC increased its stake in Norfolk Southern by 26.9% during the 2nd quarter. Calamos Wealth Management LLC now owns 3,491 shares of the railroad operator's stock valued at $894,000 after purchasing an additional 741 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Norfolk Southern by 20.4% during the second quarter. Chicago Partners Investment Group LLC now owns 4,434 shares of the railroad operator's stock valued at $1,243,000 after buying an additional 752 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Norfolk Southern by 6.4% during the second quarter. Nordea Investment Management AB now owns 19,598 shares of the railroad operator's stock valued at $5,012,000 after acquiring an additional 1,178 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Norfolk Southern by 0.3% in the 2nd quarter. New York State Teachers Retirement System now owns 165,608 shares of the railroad operator's stock worth $42,391,000 after acquiring an additional 529 shares during the last quarter. Finally, Davidson Investment Advisors lifted its position in Norfolk Southern by 1.2% in the 2nd quarter. Davidson Investment Advisors now owns 55,618 shares of the railroad operator's stock valued at $14,237,000 after acquiring an additional 642 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Up 0.5%

NSC stock opened at $289.86 on Monday. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The business's 50-day moving average is $285.14 and its two-hundred day moving average is $260.20. 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 company has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33.

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

Analyst Ratings Changes

A number of research firms have commented on NSC. Sanford C. Bernstein lifted their target price on Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on Norfolk Southern from $288.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Robert W. Baird upped their price target on Norfolk Southern from $255.00 to $300.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Benchmark downgraded Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada downgraded Norfolk Southern from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Norfolk Southern has an average rating of "Hold" and an average price target of $293.80.

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.

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