Bill Few Associates Inc. Buys 108 Shares of Norfolk Southern Corporation $NSC

Bill Few Associates Inc. grew its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,333 shares of the railroad operator’s stock after acquiring an additional 108 shares during the quarter. Bill Few Associates Inc.’s holdings in Norfolk Southern were worth $341,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Norfolk Southern by 1.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after acquiring an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Norfolk Southern by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after acquiring an additional 2,782 shares during the last quarter. GC Wealth Management RIA LLC boosted its position in shares of Norfolk Southern by 52.5% during the 2nd quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock valued at $1,137,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Norfolk Southern during the 2nd quarter valued at about $321,393,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $288.34 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The business has a 50 day moving average of $284.20 and a 200 day moving average of $258.21. The company has a market capitalization of $64.77 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.59 and a beta of 1.33. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s payout ratio is 36.49%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NSC shares. Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Susquehanna lifted their price target on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Bank of America boosted their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Evercore ISI boosted their target price on Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research report on Friday, July 25th. Eight 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, the company currently has an average rating of “Hold” and a consensus price target of $293.25.

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.