Norfolk Southern Corporation $NSC Holdings Reduced by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw Inc. has reduced its holdings in Norfolk Southern Corporation by 3.3%, now owning 42,219 shares valued at $10.8 million.
• Analysts have raised target prices for Norfolk Southern, with Bank of America increasing it from $290 to $305, indicating a strong outlook for the stock.
• Norfolk Southern recently declared a quarterly dividend of $1.35 per share, representing a 2.0% dividend yield.

Neville Rodie & Shaw Inc. decreased its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,219 shares of the railroad operator's stock after selling 1,446 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Norfolk Southern were worth $10,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSC. Canandaigua National Trust Co of Florida increased its stake in shares of Norfolk Southern by 4.9% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator's stock worth $226,000 after purchasing an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Norfolk Southern by 1.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator's stock worth $605,000 after purchasing an additional 45 shares during the last quarter. Certified Advisory Corp increased its stake in shares of Norfolk Southern by 1.0% during the 1st quarter. Certified Advisory Corp now owns 4,644 shares of the railroad operator's stock worth $1,100,000 after purchasing an additional 47 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Norfolk Southern by 1.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 4,241 shares of the railroad operator's stock valued at $1,004,000 after buying an additional 50 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in Norfolk Southern by 11.2% in the 1st quarter. Duncker Streett & Co. Inc. now owns 495 shares of the railroad operator's stock valued at $117,000 after buying an additional 50 shares during the last quarter. Institutional investors own 75.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NSC. Bank of America raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. TD Cowen upgraded shares of Norfolk Southern from a "hold" rating to a "buy" rating and raised their target price for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Evercore ISI reiterated an "in-line" rating and issued a $289.00 target price (up from $279.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Citigroup raised their target price 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. Finally, Robert W. Baird raised their target price 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. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. 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 $274.90 on Friday. 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 fifty-two week low of $201.63 and a fifty-two week high of $291.69. The firm has a fifty day moving average price of $276.13 and a two-hundred day moving average price of $250.29. The company has a market cap of $61.75 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.29.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis 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 presently 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.

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