Norfolk Southern Corporation $NSC Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Norfolk Southern Corporation by 19.0%, now owning 21,790 shares valued at approximately $5.16 million.
• Barclays, UBS, and Bank of America have raised their price targets for Norfolk Southern, indicating a mostly positive outlook from analysts.
• Norfolk Southern recently declared a quarterly dividend of $1.35 per share, reflecting an annualized yield of 2.0%.

NewEdge Advisors LLC boosted its holdings in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 19.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,790 shares of the railroad operator's stock after acquiring an additional 3,479 shares during the period. NewEdge Advisors LLC's holdings in Norfolk Southern were worth $5,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new stake in shares of Norfolk Southern in the first quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Norfolk Southern during the 4th quarter worth approximately $28,000. Putney Financial Group LLC purchased a new stake in Norfolk Southern in the 4th quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Norfolk Southern during the 1st quarter valued at $35,000. Finally, Physician Wealth Advisors Inc. increased its position in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock worth $35,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company's stock.

Norfolk Southern Trading Up 0.3%

Shares of NSC traded up $0.90 during mid-day trading on Friday, hitting $274.90. The company had a trading volume of 2,243,787 shares, compared to its average volume of 1,923,360. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $291.69. The business's 50-day simple moving average is $276.13 and its 200-day simple moving average is $250.29. The stock has a market cap 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 quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend 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%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NSC shares. Barclays upped their price objective on Norfolk Southern from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Baird R W upgraded shares of Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. Benchmark cut shares of Norfolk Southern from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. UBS Group boosted their price objective on shares of Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Royal Bank Of Canada downgraded shares of Norfolk Southern from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $285.15.

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.