Ieq Capital LLC Purchases 1,360 Shares of Norfolk Southern Corporation $NSC

Key Points

• Ieq Capital LLC increased its holdings in Norfolk Southern Corporation by 11.8%, bringing their total stock position to $3.06 million as of the end of the recent quarter.
• Norfolk Southern reported an EPS of $3.29 for the last quarter, surpassing estimates, with a net margin of 27.51% and revenue of $3.11 billion.
• A recent dividend of $1.35 per share was declared, resulting in a 1.9% yield, with a payout ratio of 36.49%.

Ieq Capital LLC grew its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,926 shares of the railroad operator's stock after purchasing an additional 1,360 shares during the quarter. Ieq Capital LLC's holdings in Norfolk Southern were worth $3,062,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NSC. Price T Rowe Associates Inc. MD raised its position in shares of Norfolk Southern by 31.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator's stock valued at $2,680,910,000 after purchasing an additional 2,710,930 shares during the period. GAMMA Investing LLC increased its position in Norfolk Southern by 25,555.7% during the first quarter. GAMMA Investing LLC now owns 989,796 shares of the railroad operator's stock worth $234,433,000 after acquiring an additional 985,938 shares during the period. Nuveen LLC bought a new position in Norfolk Southern during the first quarter worth $122,256,000. Phoenix Financial Ltd. bought a new position in Norfolk Southern during the first quarter worth $110,209,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Norfolk Southern by 91.3% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 616,384 shares of the railroad operator's stock worth $145,991,000 after acquiring an additional 294,182 shares during the period. Institutional investors own 75.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $288.00 target price (up previously from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. TD Cowen upgraded shares of Norfolk Southern from a "hold" rating to a "buy" rating and lifted their price target for the stock from $263.00 to $323.00 in a research note on Monday, July 21st. Baird R W upgraded shares of Norfolk Southern to a "hold" rating in a research note on Tuesday, July 1st. Robert W. Baird lifted their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $278.00 price target on shares of Norfolk Southern in a research note on Monday, June 2nd. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $285.15.

Norfolk Southern Price Performance

NYSE NSC traded down $1.58 on Friday, hitting $278.18. 248,556 shares of the company were exchanged, compared to its average volume of 1,599,851. The firm has a 50 day moving average of $274.41 and a two-hundred day moving average of $249.23. The company has a market cap of $62.49 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.47 and a beta of 1.29. 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 1-year low of $201.63 and a 1-year high of $291.69.

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 (EPS) for the quarter, topping 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, equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern's payout ratio is currently 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.