Hazlett Burt & Watson Inc. Acquires 152 Shares of Norfolk Southern Corporation $NSC

Hazlett Burt & Watson Inc. raised its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,406 shares of the railroad operator’s stock after acquiring an additional 152 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Norfolk Southern were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Norfolk Southern during the 1st quarter valued at $27,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern in the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. increased its position in shares of Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Norfolk Southern in the 1st quarter valued at $41,000. Finally, Golden State Wealth Management LLC increased its position in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NSC shares. Susquehanna upped their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Loop Capital upped their price objective 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. Evercore ISI upped their price objective on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. Finally, Sanford C. Bernstein upped their target price on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Eight analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Norfolk Southern has an average rating of “Hold” and a consensus price target of $293.25.

Norfolk Southern Trading Down 2.2%

Norfolk Southern stock opened at $288.34 on Monday. The firm has a 50-day moving average of $284.20 and a 200-day moving average of $258.21. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. 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 company has a market cap of $64.77 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 2.59 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio 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.