IFM Investors Pty Ltd Has $12.73 Million Stock Position in Norfolk Southern Corporation $NSC

Key Points

• IFM Investors Pty Ltd has reduced its stake in Norfolk Southern Corporation by 15.4%, now holding 53,736 shares valued at approximately $12.73 million.
• Analysts have raised price targets for Norfolk Southern, with upgrades from firms like Robert W. Baird and Citigroup, suggesting a target price range between $300.00 and $305.00.
• The company recently reported $3.29 earnings per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $1.35 per share.

IFM Investors Pty Ltd reduced its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 15.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 53,736 shares of the railroad operator's stock after selling 9,782 shares during the period. IFM Investors Pty Ltd's holdings in Norfolk Southern were worth $12,727,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Norfolk Southern in the 1st quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in Norfolk Southern in the 4th quarter valued at about $28,000. Putney Financial Group LLC acquired a new position in Norfolk Southern in the 4th quarter valued at about $30,000. HWG Holdings LP acquired a new position in Norfolk Southern in the 1st quarter valued at about $35,000. Finally, Physician Wealth Advisors Inc. grew its stake in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock valued at $35,000 after buying an additional 84 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on NSC shares. Robert W. Baird upped their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup upped their price target on shares of Norfolk Southern from $288.00 to $305.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a "neutral" rating and set a $278.00 target price on shares of Norfolk Southern in a report on Monday, June 2nd. Sanford C. Bernstein lifted their target price on Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Barclays lifted their price objective on shares of Norfolk Southern from $290.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $285.15.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $272.20 on Thursday. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $291.69. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $275.66 and a two-hundred day simple moving average of $249.88. The stock has a market capitalization of $61.14 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.11 billion during the quarter, compared to analysts' expectations 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. Analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, August 1st. Norfolk Southern's dividend 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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