Norfolk Southern Corporation $NSC Shares Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR reduced its holdings in Norfolk Southern Corporation by 50.7% in Q2, selling 9,630 shares and holding 9,369 shares worth $2,398,000.
• Norfolk Southern's stock was trading at $288.46 with a market cap of $64.79 billion and reported a Q2 EPS of $3.29, beating estimates by $0.05.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 1.9%.

Generali Asset Management SPA SGR lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 50.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,369 shares of the railroad operator's stock after selling 9,630 shares during the quarter. Generali Asset Management SPA SGR's holdings in Norfolk Southern were worth $2,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NSC. Brighton Jones LLC increased its position in Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after purchasing an additional 79 shares in the last quarter. GAMMA Investing LLC increased its position in Norfolk Southern by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator's stock worth $990,000 after purchasing an additional 321 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 purchasing an additional 2,782 shares in the last quarter. Insigneo Advisory Services LLC increased its position in Norfolk Southern by 4.1% during the 1st quarter. Insigneo Advisory Services LLC now owns 2,200 shares of the railroad operator's stock worth $521,000 after purchasing an additional 86 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its position in Norfolk Southern by 10.1% during the 1st quarter. CWA Asset Management Group LLC now owns 1,279 shares of the railroad operator's stock worth $303,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company's stock.

Norfolk Southern Stock Performance

Norfolk Southern stock opened at $288.46 on Friday. The stock has a market cap of $64.79 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $284.94 and a 200-day moving average of $259.41. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analysts' expectations 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. On average, analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern's dividend payout ratio is 36.49%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSC. Citigroup upped their price target on Norfolk Southern from $305.00 to $316.00 and gave the stock a "neutral" rating in a report on Monday. Robert W. Baird upped their price target on Norfolk Southern from $255.00 to $300.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Susquehanna upped their price target on Norfolk Southern from $284.00 to $295.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Jefferies Financial Group restated a "hold" rating and issued a $300.00 price target on shares of Norfolk Southern in a report on Friday, July 25th. Finally, Bank of America upped their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $293.80.

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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