OMERS ADMINISTRATION Corp Has $1.92 Million Position in Norfolk Southern Corporation $NSC

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in Norfolk Southern Corporation by 14.1%, now owning a total of 8,119 shares valued at approximately $1.92 million.
• Analysts have varied opinions on Norfolk Southern's stock, with the average rating being "Hold" and a target price of $285.15, while Bank of America has given it a "Buy" rating with a target raised to $305.00.
• The company recently reported earnings of $3.29 EPS, slightly exceeding estimates, and announced a quarterly dividend of $1.35 per share, yielding approximately 1.9%.

OMERS ADMINISTRATION Corp reduced its holdings in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,119 shares of the railroad operator's stock after selling 1,329 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Norfolk Southern were worth $1,923,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of Norfolk Southern in the fourth quarter valued at $28,000. Putney Financial Group LLC bought a new position in Norfolk Southern during the fourth quarter worth $30,000. Greenline Partners LLC bought a new position in Norfolk Southern during the fourth quarter worth $31,000. HWG Holdings LP bought a new position in Norfolk Southern during the first quarter worth $35,000. Finally, Physician Wealth Advisors Inc. boosted its position in 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 period. 75.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NSC. Royal Bank Of Canada cut shares of Norfolk Southern from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Sanford C. Bernstein boosted their target price on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. TD Cowen raised shares of Norfolk Southern from a "hold" rating to a "buy" rating and upped their price objective for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Benchmark cut shares of Norfolk Southern from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Citigroup upped their price objective on shares of Norfolk Southern from $288.00 to $305.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Norfolk Southern currently has an average rating of "Hold" and a consensus target price of $285.15.

Norfolk Southern Trading Up 0.7%

NYSE NSC traded up $1.85 during trading hours on Thursday, reaching $280.04. The company's stock had a trading volume of 441,221 shares, compared to its average volume of 1,604,941. The firm has a fifty day simple moving average of $273.93 and a 200-day simple moving average of $249.06. The stock has a market cap of $62.90 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.48 and a beta of 1.29. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $291.69. 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 analysts' consensus estimates of $3.24 by $0.05. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Equities analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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