Davidson Trust Co. trimmed its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 48.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,000 shares of the railroad operator's stock after selling 925 shares during the period. Davidson Trust Co.'s holdings in Norfolk Southern were worth $256,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NSC. Brighton Jones LLC increased its stake in Norfolk Southern by 4.9% in the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock valued at $400,000 after purchasing an additional 79 shares during the last quarter. GAMMA Investing LLC increased its stake in Norfolk Southern by 8.3% in the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator's stock valued at $990,000 after purchasing an additional 321 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator's stock valued at $16,925,000 after purchasing an additional 2,782 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Norfolk Southern by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator's stock valued at $846,000 after purchasing an additional 65 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Norfolk Southern by 5.1% in the first quarter. Ritholtz Wealth Management now owns 6,615 shares of the railroad operator's stock valued at $1,567,000 after purchasing an additional 321 shares during the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.
Norfolk Southern Price Performance
Shares of NYSE NSC opened at $290.25 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The stock has a fifty day moving average price of $284.66 and a 200 day moving average price of $258.85. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. The company has a market cap of $65.20 billion, a PE ratio of 19.61, a P/E/G ratio of 2.60 and a beta of 1.33.
Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.
Norfolk Southern Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern's dividend payout ratio (DPR) is currently 36.49%.
Analysts Set New Price Targets
Several brokerages have commented on NSC. Evercore ISI increased their price target on shares of Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Barclays increased their price target on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Baird R W raised Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price objective on Norfolk Southern from $288.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Finally, Bank of America increased their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $293.80.
View Our Latest Stock Analysis on NSC
Norfolk Southern Profile
(
Free Report)
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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