Norfolk Southern Corporation $NSC is Eisler Capital Management Ltd.'s 5th Largest Position

Key Points

• Eisler Capital Management Ltd. increased its stake in Norfolk Southern Corporation by 35.5% during the 1st quarter, making it the firm's 5th largest position.
• The company reported earnings per share of $3.29 for the last quarter, surpassing the consensus estimate of $3.24, alongside revenues of $3.11 billion.
• Norfolk Southern declared a quarterly dividend of $1.35 per share, representing an annualized dividend yield of 2.0%.

Eisler Capital Management Ltd. lifted its stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 35.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,297 shares of the railroad operator's stock after purchasing an additional 28,916 shares during the quarter. Norfolk Southern comprises approximately 0.2% of Eisler Capital Management Ltd.'s portfolio, making the stock its 5th biggest position. Eisler Capital Management Ltd.'s holdings in Norfolk Southern were worth $26,121,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Norfolk Southern during the fourth quarter worth approximately $28,000. Putney Financial Group LLC purchased a new stake in shares of Norfolk Southern during the fourth quarter worth approximately $30,000. Greenline Partners LLC purchased a new stake in shares of Norfolk Southern during the fourth quarter worth approximately $31,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern during the first quarter worth approximately $35,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of 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 purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Down 0.2%

Norfolk Southern stock opened at $276.78 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market capitalization of $62.17 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $291.69. The stock's fifty day moving average is $271.16 and its two-hundred day moving average is $248.09.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate 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. Analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors 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 dividend yield of 2.0%. Norfolk Southern's dividend payout ratio (DPR) is presently 36.49%.

Analyst Ratings Changes

Several research analysts have issued reports on NSC shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $288.00 price objective (up previously from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. TD Cowen upgraded Norfolk Southern from a "hold" rating to a "buy" rating and increased their price objective for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Sanford C. Bernstein increased their price objective on Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Bank of America increased their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $300.00 price objective on shares of Norfolk Southern in a research report on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Norfolk Southern has an average rating of "Hold" and a consensus target price of $285.15.

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.

Want to see what other hedge funds are holding NSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Southern Corporation (NYSE:NSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.