U.S. Capital Wealth Advisors LLC Increases Stake in Norfolk Southern Corporation $NSC

U.S. Capital Wealth Advisors LLC increased its holdings in Norfolk Southern Corporation (NYSE:NSC) by 7.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,005 shares of the railroad operator’s stock after purchasing an additional 137 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Norfolk Southern were worth $513,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Norfolk Southern by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock worth $4,813,114,000 after purchasing an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares in the last quarter. Boston Partners raised its holdings in Norfolk Southern by 3.4% in the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock worth $983,161,000 after purchasing an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock worth $947,006,000 after purchasing an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Norfolk Southern by 6.4% in the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock worth $740,891,000 after purchasing an additional 189,076 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Up 0.4%

NYSE:NSC opened at $294.49 on Friday. The firm has a market cap of $66.15 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.60 and a beta of 1.29. 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 $296.38. The firm has a 50-day simple moving average of $280.26 and a two-hundred day simple moving average of $253.02.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data 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 analyst estimates 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. Analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NSC shares. Robert W. Baird upped their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. 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 report on Tuesday, September 16th. Sanford C. Bernstein lifted their price target 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. Benchmark cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, 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 report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, Norfolk Southern presently has an average rating of “Hold” and a consensus target price of $288.00.

Norfolk Southern Company 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.