Cwm LLC Boosts Holdings in Norfolk Southern Corporation $NSC

Key Points

• Cwm LLC has increased its stake in Norfolk Southern Corporation (NYSE:NSC) by 34.4%, owning 12,829 shares worth approximately $3.28 million following an additional purchase of 3,286 shares.
• Analysts have mixed sentiments on Norfolk Southern, with the target price ranging from $290 to $305, and a consensus rating of "Hold" among research analysts.
• The company recently declared a quarterly dividend of $1.35, translating to an annualized dividend yield of 1.9% and a dividend payout ratio of 36.49%.

Cwm LLC increased its stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 34.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,829 shares of the railroad operator's stock after buying an additional 3,286 shares during the period. Cwm LLC's holdings in Norfolk Southern were worth $3,284,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Norfolk Southern during the first quarter worth about $27,000. HWG Holdings LP bought a new position in Norfolk Southern during the first quarter worth about $35,000. Physician Wealth Advisors Inc. boosted its position in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock worth $35,000 after purchasing an additional 84 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Norfolk Southern during the first quarter worth about $41,000. Finally, Golden State Wealth Management LLC boosted its position in Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock worth $42,000 after purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 75.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Benchmark lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Bank of America increased their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Baird R W upgraded shares of Norfolk Southern to a "hold" rating in a research report on Tuesday, July 1st. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $293.80.

Norfolk Southern Price Performance

NSC stock opened at $289.86 on Friday. The firm has a 50 day moving average of $285.14 and a 200-day moving average of $259.78. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The firm has a market capitalization of $65.11 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a $1.35 dividend. 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 is presently 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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