Norfolk Southern Corporation $NSC Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Norfolk Southern Corporation by 197.2%, acquiring a total of 25,546 shares valued at approximately $6.54 million during the second quarter.
• Analysts have revised their price targets for Norfolk Southern, with estimates ranging from $295 to $305, reflecting a generally positive outlook, as evidenced by the fact that eight analysts rated it a Buy.
• The company recently announced a quarterly dividend of $1.35, translating to an annual yield of 1.8% and a dividend payout ratio of 36.49%.

Callan Family Office LLC grew its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 197.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,546 shares of the railroad operator's stock after purchasing an additional 16,951 shares during the period. Callan Family Office LLC's holdings in Norfolk Southern were worth $6,539,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Norfolk Southern in the first quarter worth about $27,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern in the first quarter worth about $35,000. Physician Wealth Advisors Inc. boosted its stake in shares of Norfolk Southern by 129.2% in 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 during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern in the first quarter worth about $41,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock worth $42,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NSC shares. Susquehanna upped their target price on Norfolk Southern from $284.00 to $295.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on Norfolk Southern from $288.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday. Baird R W upgraded Norfolk Southern to a "hold" rating in a research report on Tuesday, July 1st. Sanford C. Bernstein increased their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Citigroup increased their price target on Norfolk Southern from $288.00 to $305.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Norfolk Southern presently has an average rating of "Hold" and a consensus target price of $293.25.

Norfolk Southern Stock Performance

NYSE NSC opened at $294.68 on Friday. The company has a market cap of $66.19 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. The stock's 50 day simple moving average is $283.93 and its 200-day simple moving average is $257.53. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. 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 released 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 business had revenue of $3.11 billion for 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. As a group, equities research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern's dividend payout ratio (DPR) is 36.49%.

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.

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