Lbp Am Sa Acquires New Holdings in Norfolk Southern Corporation $NSC

Lbp Am Sa acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,884 shares of the railroad operator’s stock, valued at approximately $4,834,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSC. Brighton Jones LLC raised its holdings in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares during the period. Wellington Management Group LLP raised its holdings in Norfolk Southern by 3.6% in the 4th quarter. Wellington Management Group LLP now owns 23,882 shares of the railroad operator’s stock valued at $5,605,000 after buying an additional 820 shares during the period. NBC Securities Inc. raised its holdings in Norfolk Southern by 115,400.0% in the 1st quarter. NBC Securities Inc. now owns 1,155 shares of the railroad operator’s stock valued at $273,000 after buying an additional 1,154 shares during the period. Merit Financial Group LLC lifted its stake in Norfolk Southern by 7.0% during the 1st quarter. Merit Financial Group LLC now owns 9,614 shares of the railroad operator’s stock worth $2,277,000 after acquiring an additional 632 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in Norfolk Southern by 7.0% during the 1st quarter. RFG Advisory LLC now owns 1,157 shares of the railroad operator’s stock worth $274,000 after acquiring an additional 76 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NSC shares. Robert W. Baird increased their target price on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and upped their price target for the stock from $263.00 to $323.00 in a report on Monday, July 21st. Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, Sanford C. Bernstein upped their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.45.

Norfolk Southern Trading Down 0.6%

NSC opened at $298.60 on Thursday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $300.91. The company has a market cap of $67.07 billion, a P/E ratio of 20.18, a PEG ratio of 2.66 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. The business’s 50-day simple moving average is $281.89 and its 200-day simple moving average is $254.90.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business 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. As a group, equities research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders 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 dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

About Norfolk Southern

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.