Norfolk Southern Corporation $NSC Shares Sold by Burns J W & Co. Inc. NY

Key Points

• Burns J W & Co. Inc. NY reduced its stake in Norfolk Southern Corporation by 7.1% to hold 20,050 shares, valued at $5.13 million.
• Several hedge funds have adjusted their positions in Norfolk Southern, with Golden State Wealth Management LLC increasing its holdings by 883.3%.
• Analysts have mixed ratings for Norfolk Southern, with a consensus rating of "Hold" and an average target price of $286.25.

Burns J W & Co. Inc. NY lowered its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,050 shares of the railroad operator's stock after selling 1,526 shares during the quarter. Burns J W & Co. Inc. NY's holdings in Norfolk Southern were worth $5,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSC. Brighton Jones LLC lifted its position in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock valued at $400,000 after buying an additional 79 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Norfolk Southern by 18.9% in the 4th quarter. Vident Advisory LLC now owns 3,916 shares of the railroad operator's stock worth $919,000 after buying an additional 622 shares during the period. Woodline Partners LP bought a new position in shares of Norfolk Southern in the 4th quarter worth $1,515,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Norfolk Southern by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,210,507 shares of the railroad operator's stock valued at $284,106,000 after buying an additional 186,782 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in shares of Norfolk Southern by 27.3% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,531 shares of the railroad operator's stock worth $359,000 after buying an additional 328 shares during the last quarter. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Price Performance

NSC stock traded up $1.26 during midday trading on Friday, reaching $283.94. The stock had a trading volume of 2,712,265 shares, compared to its average volume of 1,921,810. The company's fifty day simple moving average is $277.90 and its 200 day simple moving average is $251.66. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The company has a market cap of $63.78 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $291.69.

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

Norfolk Southern Announces Dividend

The firm also recently announced 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. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern's dividend payout ratio is 36.49%.

Analyst Ratings Changes

NSC has been the subject of a number of research reports. Barclays lifted their price objective on Norfolk Southern from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and issued a $300.00 price objective on shares of Norfolk Southern in a research report on Friday, July 25th. Bank of America lifted their price target on Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Baird R W upgraded Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. Finally, UBS Group upped their price objective on shares of Norfolk Southern from $275.00 to $279.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of "Hold" and an average price target of $286.25.

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.