Vanguard Personalized Indexing Management LLC Boosts Holdings in Norfolk Southern Corporation $NSC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Norfolk Southern Corporation by 31.5% during the second quarter, now owning approximately 30,443 shares valued at $7.8 million.
• Wall Street analysts have mixed opinions on Norfolk Southern, with an average rating of "Hold" and a consensus price target of $293.25, following various recent upgrades and downgrades.
• Norfolk Southern announced a quarterly dividend of $1.35 per share, reflecting an annual yield of 1.9%, with a dividend payout ratio of 36.49%.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 31.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,443 shares of the railroad operator's stock after acquiring an additional 7,293 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Norfolk Southern were worth $7,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Norfolk Southern during the first quarter valued at approximately $27,000. HWG Holdings LP purchased a new stake in Norfolk Southern during the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. raised its holdings in shares of Norfolk Southern by 129.2% in 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 last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Norfolk Southern in the first quarter worth $41,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock worth $42,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NSC. Baird R W raised shares of Norfolk Southern to a "hold" rating in a report on Tuesday, July 1st. Evercore ISI raised their price target on shares of Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Barclays raised their price target on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Royal Bank Of Canada cut shares of Norfolk Southern from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, Susquehanna raised their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $293.25.

Norfolk Southern Price Performance

Shares of NSC opened at $288.34 on Monday. The business's 50-day moving average is $284.20 and its two-hundred day moving average is $258.21. The company has a market capitalization of $64.77 billion, a P/E ratio of 19.48, a P/E/G ratio of 2.59 and a beta of 1.33. 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 Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion for 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 predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.