SCS Capital Management LLC Makes New $2.85 Million Investment in Norfolk Southern Corporation $NSC

Key Points

• SCS Capital Management LLC has made a significant new investment in Norfolk Southern Corporation, purchasing 12,023 shares valued at approximately $2.848 million during the first quarter.
• Norfolk Southern reported a quarterly earnings per share (EPS) of $3.29, exceeding analyst estimates by $0.05, and its revenue was $3.11 billion, slightly above projections.
• The company recently declared a quarterly dividend of $1.35 per share, with a yield of 2.0% and a payout ratio of 36.49%.

SCS Capital Management LLC purchased a new position in Norfolk Southern Corporation (NYSE:NSC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,023 shares of the railroad operator's stock, valued at approximately $2,848,000.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in Norfolk Southern in the first quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in Norfolk Southern in the fourth quarter worth $28,000. Putney Financial Group LLC bought a new stake in Norfolk Southern in the fourth quarter worth $30,000. HWG Holdings LP bought a new stake in Norfolk Southern in the first quarter worth $35,000. Finally, Physician Wealth Advisors Inc. boosted its stake 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 buying an additional 84 shares during the period. Institutional investors own 75.10% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Baird R W raised shares of Norfolk Southern to a "hold" rating in a research note on Tuesday, July 1st. Susquehanna reissued a "neutral" rating and set a $260.00 target price (up from $250.00) on shares of Norfolk Southern in a research note on Tuesday, June 24th. The Goldman Sachs Group reissued a "neutral" rating and set a $278.00 target price on shares of Norfolk Southern in a research note on Monday, June 2nd. Finally, Robert W. Baird boosted their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $285.15.

Norfolk Southern Stock Up 0.3%

Shares of NSC stock traded up $0.90 on Friday, hitting $274.90. The stock had a trading volume of 2,243,787 shares, compared to its average volume of 1,923,360. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $276.13 and a 200 day moving average price of $250.29. The company has a market cap of $61.75 billion, a PE ratio of 18.57, a P/E/G ratio of 2.43 and a beta of 1.29. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $291.69.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $3.11 billion during 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. Research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $1.35 dividend. 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 payout ratio is currently 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.