Lbp Am Sa Purchases New Position in Norfolk Southern Corporation $NSC

Key Points

• Lbp Am Sa has acquired a new stake in Norfolk Southern Corporation, purchasing 18,884 shares valued at approximately $4.8 million during the second quarter.
• Analysts have mixed ratings on Norfolk Southern, with a recent price target range between $263.00 and $323.00 as several firms adjust their ratings and targets.
• Norfolk Southern announced a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 1.8% and a payout ratio of 36.49%.

Lbp Am Sa purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,884 shares of the railroad operator's stock, valued at approximately $4,834,000.

Several other institutional investors also recently bought and sold shares of NSC. WPG Advisers LLC purchased a new stake in shares of Norfolk Southern in the first quarter valued at approximately $27,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern in the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. increased its position in shares of Norfolk Southern by 129.2% in the first 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 in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern in the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC increased its position in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock valued at $42,000 after buying an additional 159 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NSC shares. JPMorgan Chase & Co. restated a "neutral" rating and issued a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Benchmark cut Norfolk Southern from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. TD Cowen upgraded Norfolk Southern from a "hold" rating to a "buy" rating and boosted their price target for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Finally, Baird R W upgraded Norfolk Southern to a "hold" rating in a research report on Tuesday, July 1st. 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 presently has an average rating of "Hold" and a consensus price target of $288.45.

Norfolk Southern Stock Performance

NYSE NSC opened at $298.60 on Thursday. The stock's fifty day moving average is $281.89 and its two-hundred day moving average is $254.90. The firm has a market capitalization of $67.07 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $300.91.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping analysts' consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. 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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