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Morningstar Investment Management LLC Takes Position in Norfolk Southern Corporation $NSC

Norfolk Southern logo with Transportation background

Key Points

  • Morningstar Investment Management LLC acquired a new stake in Norfolk Southern Corporation, purchasing 2,333 shares valued at approximately $597,000 in the second quarter.
  • Recent analyst ratings show a mixed outlook, with Citigroup raising their target price from $305.00 to $316.00 and Deutsche Bank increasing theirs from $290.00 to $354.00, yet some firms have downgraded their ratings.
  • Norfolk Southern announced a quarterly dividend of $1.35 per share, with a 1.9% yield and a payout ratio of 36.49%.
  • MarketBeat previews the top five stocks to own by November 1st.

Morningstar Investment Management LLC purchased a new stake in Norfolk Southern Corporation (NYSE:NSC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,333 shares of the railroad operator's stock, valued at approximately $597,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NSC. Golden State Wealth Management LLC grew its stake in 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 acquiring an additional 159 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Norfolk Southern by 1.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator's stock worth $846,000 after acquiring an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Norfolk Southern by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator's stock worth $16,925,000 after acquiring an additional 2,782 shares during the last quarter. GC Wealth Management RIA LLC boosted its position in Norfolk Southern by 52.5% during the 2nd quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator's stock worth $1,137,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $321,393,000. Institutional investors and hedge funds own 75.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NSC. Citigroup increased their target price on shares of Norfolk Southern from $305.00 to $316.00 and gave the stock a "neutral" rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Benchmark cut Norfolk Southern from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Bank of America increased their price target on Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, TD Cowen raised Norfolk Southern from a "hold" rating to a "buy" rating and increased their price target for the company from $263.00 to $323.00 in a research report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $293.80.

View Our Latest Stock Analysis on Norfolk Southern

Norfolk Southern Trading Up 0.5%

Shares of Norfolk Southern stock opened at $289.87 on Tuesday. The business has a fifty day simple moving average of $284.45 and a two-hundred day simple moving average of $258.63. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $302.24. The company has a market capitalization of $65.11 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.59 and a beta of 1.33. 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 (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion during 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. Research analysts forecast that Norfolk Southern Corporation will post 13 EPS 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 given a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a yield of 1.9%. Norfolk Southern's dividend payout ratio (DPR) is 36.49%.

Norfolk Southern Profile

(Free Report)

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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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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