MBB Public Markets I LLC Acquires New Position in Norfolk Southern Corporation $NSC

Key Points

• MBB Public Markets I LLC has acquired a new stake in Norfolk Southern Corporation, purchasing 1,350 shares valued at approximately $320,000 during the first quarter.
• Norfolk Southern reported $3.29 earnings per share for the last quarter, exceeding expectations by $0.05 and generating a revenue of $3.11 billion.
• The company has recently announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 2.0% with a payout ratio of 36.49%.

MBB Public Markets I LLC purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,350 shares of the railroad operator's stock, valued at approximately $320,000.

A number of other institutional investors also recently added to or reduced their stakes in NSC. Brighton Jones LLC boosted its holdings in Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock valued at $400,000 after purchasing an additional 79 shares in the last quarter. Ensign Peak Advisors Inc raised its position in Norfolk Southern by 1.1% in the 4th quarter. Ensign Peak Advisors Inc now owns 39,143 shares of the railroad operator's stock worth $9,187,000 after purchasing an additional 431 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Norfolk Southern by 77.8% during the 4th quarter. Gotham Asset Management LLC now owns 5,356 shares of the railroad operator's stock valued at $1,257,000 after acquiring an additional 2,343 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Norfolk Southern during the 4th quarter valued at $2,843,000. Finally, Meketa Capital LLC bought a new stake in shares of Norfolk Southern during the 4th quarter valued at $360,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group restated a "neutral" rating and issued a $278.00 price objective on shares of Norfolk Southern in a research report on Monday, June 2nd. Susquehanna restated a "neutral" rating and set a $260.00 price objective (up from $250.00) on shares of Norfolk Southern in a research note on Tuesday, June 24th. Barclays raised their target price on shares of Norfolk Southern from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and issued a $300.00 price target on shares of Norfolk Southern in a report on Friday, July 25th. Finally, Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, Norfolk Southern has an average rating of "Hold" and a consensus price target of $285.15.

Norfolk Southern Price Performance

NYSE:NSC traded up $0.90 during mid-day trading on Friday, reaching $274.90. The stock had a trading volume of 2,243,787 shares, compared to its average volume of 1,923,360. The stock has a 50-day simple moving average of $276.13 and a two-hundred day simple moving average of $250.29. The stock has a market capitalization of $61.75 billion, a PE ratio of 18.57, a P/E/G ratio of 2.43 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $291.69.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $3.11 billion for 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. On average, equities analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern's dividend payout ratio (DPR) is 36.49%.

Norfolk Southern 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.