Swedbank AB Has $38.25 Million Holdings in Norfolk Southern Corporation $NSC

Key Points

• Swedbank AB increased its stake in Norfolk Southern Corporation by 19.0%, acquiring a total of 149,431 shares valued at approximately $38.25 million.
• Norfolk Southern's stock has been rated with a consensus of "Hold" by analysts, with price targets ranging between $260.00 and $323.00 based on various upgrades and ratings.
• The company announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 1.9% and a dividend payout ratio of 36.49%.

Swedbank AB increased its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,431 shares of the railroad operator's stock after acquiring an additional 23,839 shares during the quarter. Swedbank AB owned about 0.07% of Norfolk Southern worth $38,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new position in Norfolk Southern during the 1st quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Norfolk Southern during the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in Norfolk Southern during the 4th quarter worth approximately $30,000. HWG Holdings LP bought a new position in Norfolk Southern during the 1st quarter worth approximately $35,000. Finally, Physician Wealth Advisors Inc. lifted its stake in Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock valued at $35,000 after buying an additional 84 shares in the last quarter. Institutional investors own 75.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Evercore ISI reaffirmed an "in-line" rating and issued a $289.00 price target (up previously from $279.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Loop Capital lifted their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a "hold" rating in a research note on Tuesday, September 16th. TD Cowen raised shares of Norfolk Southern from a "hold" rating to a "buy" rating and lifted their price target for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $286.25.

Norfolk Southern Stock Up 0.5%

NSC traded up $1.55 during trading on Tuesday, reaching $292.10. 212,297 shares of the stock were exchanged, compared to its average volume of 1,619,168. The stock has a market cap of $65.61 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $294.78. The stock's 50 day moving average price is $278.46 and its two-hundred day moving average price is $252.08. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data 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 firm 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. Equities analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.8%. The ex-dividend date was Friday, August 1st. 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.