QRG Capital Management Inc. Acquires 899 Shares of Norfolk Southern Corporation $NSC

Key Points

• QRG Capital Management Inc. has increased its holdings in Norfolk Southern Corporation by 5.2%, acquiring an additional 899 shares to reach a total of 18,174 shares valued at approximately $4.65 million.
• Norfolk Southern recently reported quarterly earnings of $3.29 EPS, surpassing analyst expectations, and has set a forward guidance of 13 EPS for FY 2025.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized dividend of $5.40 and a yield of 1.8%.

QRG Capital Management Inc. increased its holdings in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 5.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,174 shares of the railroad operator's stock after buying an additional 899 shares during the period. QRG Capital Management Inc.'s holdings in Norfolk Southern were worth $4,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC grew its holdings in Norfolk Southern by 1.7% in the second quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator's stock worth $622,000 after purchasing an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator's stock worth $47,000 after purchasing an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida grew its holdings in Norfolk Southern by 4.9% in the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator's stock worth $226,000 after purchasing an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Norfolk Southern by 1.8% in the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator's stock worth $605,000 after purchasing an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC grew its holdings in Norfolk Southern by 3.3% in the second quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator's stock worth $372,000 after purchasing an additional 46 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Price Performance

NYSE:NSC opened at $300.02 on Monday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. 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 cap of $67.39 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.69 and a beta of 1.33. The firm's fifty day moving average is $282.63 and its two-hundred day moving average is $256.10.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly 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. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern's dividend payout ratio is presently 36.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NSC shares. Baird R W raised shares of Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. TD Cowen raised shares of Norfolk Southern from a "hold" rating to a "buy" rating and boosted their price objective for the company from $263.00 to $323.00 in a report on Monday, July 21st. Susquehanna boosted their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a "neutral" rating in a report on Thursday, September 25th. Benchmark lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of "Hold" and an average target price of $292.50.

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.

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