GAMMA Investing LLC Grows Stock Holdings in Norfolk Southern Corporation $NSC

Key Points

• GAMMA Investing LLC increased its holdings in Norfolk Southern Corporation by 25.5% in Q2, acquiring an additional 1,064 shares, bringing its total to 5,243 shares valued at approximately $1.34 million.
• Various other hedge funds have also raised their stakes in Norfolk Southern, with institutional investors collectively owning 75.10% of the company's stock.
• Norfolk Southern's shares recently traded at $290.60, with a 52-week high of $294.78 and a quarterly dividend of $1.35, reflecting a 1.9% yield.

GAMMA Investing LLC lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 25.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,243 shares of the railroad operator's stock after purchasing an additional 1,064 shares during the period. GAMMA Investing LLC's holdings in Norfolk Southern were worth $1,342,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC raised its position in Norfolk Southern by 7.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 2,005 shares of the railroad operator's stock valued at $513,000 after purchasing an additional 137 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Norfolk Southern during the second quarter valued at approximately $1,673,000. BTC Capital Management Inc. lifted its stake in Norfolk Southern by 0.9% in the second quarter. BTC Capital Management Inc. now owns 38,349 shares of the railroad operator's stock worth $9,774,000 after acquiring an additional 354 shares during the period. Grant Private Wealth Management Inc bought a new stake in Norfolk Southern in the second quarter valued at $210,000. Finally, CX Institutional increased its position in Norfolk Southern by 25.3% during the 2nd quarter. CX Institutional now owns 1,724 shares of the railroad operator's stock valued at $441,000 after purchasing an additional 348 shares during the period. Hedge funds and other institutional investors own 75.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NSC shares. TD Cowen raised shares of Norfolk Southern from a "hold" rating to a "buy" rating and lifted their target price for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Benchmark lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Loop Capital upped their target price on Norfolk Southern from $235.00 to $278.00 and gave the stock a "hold" rating in a report on Tuesday, September 16th. Barclays increased their target price on Norfolk Southern from $290.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $260.00 price target (up from $250.00) on shares of Norfolk Southern in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $286.25.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $290.60 on Tuesday. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $294.78. The business has a 50-day simple moving average of $278.46 and a two-hundred day simple moving average of $252.08. 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 firm has a market cap of $65.27 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The firm 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. On average, analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given a $1.35 dividend. 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 payout ratio is 36.49%.

About Norfolk Southern

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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