Running Oak Capital LLC Purchases 1,258 Shares of Norfolk Southern Corporation $NSC

Running Oak Capital LLC lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,894 shares of the railroad operator’s stock after purchasing an additional 1,258 shares during the period. Running Oak Capital LLC’s holdings in Norfolk Southern were worth $7,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NSC. Golden State Wealth Management LLC grew its position in Norfolk Southern by 883.3% during 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 in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Norfolk Southern by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after purchasing an additional 65 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after purchasing an additional 2,782 shares in the last quarter. GC Wealth Management RIA LLC lifted its position in Norfolk Southern by 52.5% during the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock worth $1,137,000 after purchasing an additional 1,528 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Norfolk Southern during the second quarter worth about $321,393,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on NSC. Barclays boosted their price objective on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a report on Saturday, September 27th. Sanford C. Bernstein raised their price objective on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Citigroup boosted their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Evercore ISI raised their price target on shares of Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $292.50.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $300.02 on Monday. The business’s 50 day simple moving average is $282.63 and its 200 day simple moving average is $256.10. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The stock has a market capitalization of $67.39 billion, a PE ratio of 20.27, a PEG ratio of 2.69 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion for 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. As a group, research analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.8%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

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.