Norinchukin Bank The Grows Stock Holdings in Norfolk Southern Corporation $NSC

Key Points

• Norinchukin Bank increased its stake in Norfolk Southern Corporation by 11.9% during the 1st quarter, holding shares valued at $2.29 million.
• Multiple institutional investors also increased their positions in Norfolk Southern, with 75.10% of the stock owned by these investors.
• Norfolk Southern reported earnings of $3.29 per share, exceeding analysts' expectations, along with a recently announced quarterly dividend of $1.35 per share.

Norinchukin Bank The raised its stake in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,667 shares of the railroad operator's stock after purchasing an additional 1,031 shares during the quarter. Norinchukin Bank The's holdings in Norfolk Southern were worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC increased its position in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock valued at $42,000 after acquiring an additional 159 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Norfolk Southern by 1.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator's stock valued at $846,000 after purchasing an additional 65 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Norfolk Southern by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator's stock valued at $16,925,000 after purchasing an additional 2,782 shares during the period. GAMMA Investing LLC grew its holdings in Norfolk Southern by 8.3% during the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator's stock valued at $990,000 after purchasing an additional 321 shares during the period. Finally, Brevan Howard Capital Management LP grew its holdings in Norfolk Southern by 472.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 43,054 shares of the railroad operator's stock valued at $10,105,000 after purchasing an additional 35,531 shares during the period. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Price Performance

Shares of NSC stock traded down $4.29 on Wednesday, reaching $272.38. The company's stock had a trading volume of 2,499,956 shares, compared to its average volume of 1,593,738. 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 Corporation has a 12-month low of $201.63 and a 12-month high of $291.69. The company has a market capitalization of $61.18 billion, a P/E ratio of 18.40, a PEG ratio of 2.46 and a beta of 1.31. The stock's 50 day simple moving average is $271.16 and its 200-day simple moving average is $248.09.

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

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Norfolk Southern's dividend payout ratio (DPR) is presently 36.49%.

Wall Street Analysts Forecast Growth

NSC has been the subject of several research reports. TD Cowen raised Norfolk Southern from a "hold" rating to a "buy" rating and increased their price objective for the company from $263.00 to $323.00 in a report on Monday, July 21st. Benchmark lowered Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Robert W. Baird raised 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 reaffirmed a "neutral" rating and issued a $260.00 price target (up from $250.00) on shares of Norfolk Southern in a report on Tuesday, June 24th. Finally, Baird R W raised Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Norfolk Southern currently has an average rating of "Hold" and an average target price of $285.15.

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.