Community Bank N.A. Has $1.58 Million Stock Position in Norfolk Southern Corporation $NSC

Community Bank N.A. reduced its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,155 shares of the railroad operator’s stock after selling 200 shares during the period. Community Bank N.A.’s holdings in Norfolk Southern were worth $1,575,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in Norfolk Southern by 4.6% during the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock valued at $19,468,000 after purchasing an additional 3,367 shares in the last quarter. Bill Few Associates Inc. increased its holdings in shares of Norfolk Southern by 8.8% during the second quarter. Bill Few Associates Inc. now owns 1,333 shares of the railroad operator’s stock worth $341,000 after buying an additional 108 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Norfolk Southern by 12.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,406 shares of the railroad operator’s stock worth $361,000 after buying an additional 152 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Norfolk Southern during the second quarter worth $872,000. Finally, CWM LLC increased its holdings in shares of Norfolk Southern by 34.4% during the second quarter. CWM LLC now owns 12,829 shares of the railroad operator’s stock worth $3,284,000 after buying an additional 3,286 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

NYSE NSC opened at $289.87 on Tuesday. The company has a market capitalization of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The stock has a fifty day simple moving average of $284.45 and a 200 day simple moving average of $258.63. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last posted 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 the consensus estimate 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. Sell-side analysts expect that Norfolk Southern Corporation will post 13 EPS 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 given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s dividend payout ratio is 36.49%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NSC. Deutsche Bank Aktiengesellschaft upped their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Bank of America upped their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and a consensus target price of $293.80.

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.