CHICAGO TRUST Co NA Lowers Stake in Norfolk Southern Corporation $NSC

Key Points

• CHICAGO TRUST Co NA has reduced its stake in Norfolk Southern Corporation by 19.8%, holding 3,813 shares valued at approximately $976,000.
• Several hedge funds have increased their positions in Norfolk Southern, with Toronto Dominion Bank boosting its stake by 34.7% and Integrated Advisors Network LLC increasing by 58.1%.
• Analysts have raised price targets for Norfolk Southern, with Citigroup setting a new target at $305.00 and Bank of America also increasing theirs to $305.00, reflecting a generally positive outlook for the stock.

CHICAGO TRUST Co NA lowered its stake in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,813 shares of the railroad operator's stock after selling 939 shares during the quarter. CHICAGO TRUST Co NA's holdings in Norfolk Southern were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after buying an additional 79 shares during the period. Vise Technologies Inc. purchased a new position in shares of Norfolk Southern during the fourth quarter valued at $311,000. Toronto Dominion Bank increased its stake in shares of Norfolk Southern by 34.7% during the fourth quarter. Toronto Dominion Bank now owns 108,128 shares of the railroad operator's stock valued at $25,378,000 after buying an additional 27,831 shares during the period. Mackenzie Financial Corp increased its stake in shares of Norfolk Southern by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 19,630 shares of the railroad operator's stock valued at $4,607,000 after buying an additional 91 shares during the period. Finally, Integrated Advisors Network LLC increased its position in Norfolk Southern by 58.1% during the 4th quarter. Integrated Advisors Network LLC now owns 6,411 shares of the railroad operator's stock valued at $1,505,000 after purchasing an additional 2,357 shares during the period. Hedge funds and other institutional investors own 75.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Loop Capital lifted their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a "hold" rating in a research report on Tuesday, September 16th. Citigroup upped their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Robert W. Baird upped their price objective on Norfolk Southern from $255.00 to $300.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Bank of America increased their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Evercore ISI reissued an "in-line" rating and set a $289.00 price target (up from $279.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $286.25.

Norfolk Southern Trading Up 0.5%

NYSE NSC opened at $292.04 on Wednesday. The firm's fifty day moving average price is $279.11 and its 200 day moving average price is $252.36. The company has a market capitalization of $65.60 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $294.78.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate 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. On average, sell-side analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern's dividend payout ratio (DPR) is 36.49%.

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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