GC Wealth Management RIA LLC Boosts Stock Holdings in Norfolk Southern Corporation $NSC

Key Points

• GC Wealth Management RIA LLC increased its stake in Norfolk Southern Corporation by 52.5% in Q2, bringing its total holdings to 4,441 shares valued at $1,137,000.
• Several institutional investors have also raised their positions in Norfolk Southern, with Vanguard Group increasing its stake by 1.2% and Price T Rowe Associates boosting theirs by 31.5% in their recent quarterly filings.
• Norfolk Southern recently declared a quarterly dividend of $1.35 per share, representing a 1.8% annual yield, with a payout ratio of 36.49%.

GC Wealth Management RIA LLC lifted its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 52.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,441 shares of the railroad operator's stock after purchasing an additional 1,528 shares during the period. GC Wealth Management RIA LLC's holdings in Norfolk Southern were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Norfolk Southern by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator's stock worth $4,813,114,000 after acquiring an additional 232,195 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator's stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares during the period. Boston Partners boosted its position in Norfolk Southern by 3.4% during the first quarter. Boston Partners now owns 4,159,070 shares of the railroad operator's stock worth $983,161,000 after purchasing an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in Norfolk Southern by 0.7% in the first quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator's stock valued at $947,006,000 after purchasing an additional 29,753 shares during the period. Finally, American Century Companies Inc. grew its stake in Norfolk Southern by 6.4% in the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator's stock valued at $740,891,000 after acquiring an additional 189,076 shares during the period. Institutional investors and hedge funds own 75.10% of the company's stock.

Analyst Ratings Changes

NSC has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Baird R W upgraded shares of Norfolk Southern to a "hold" rating in a research report on Tuesday, July 1st. Citigroup lifted their price objective on Norfolk Southern from $288.00 to $305.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and set a $300.00 target price on shares of Norfolk Southern in a report on Friday, July 25th. Finally, Bank of America raised their target price on Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $288.45.

Norfolk Southern Price Performance

NSC stock opened at $299.67 on Tuesday. 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 business has a 50 day simple moving average of $281.12 and a 200-day simple moving average of $254.28. The firm has a market capitalization of $67.31 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $300.91.

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 firm had revenue of $3.11 billion for 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. Equities research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were given 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 1.8%. Norfolk Southern's payout ratio is presently 36.49%.

Norfolk Southern Company 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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