Mitchell Mcleod Pugh & Williams Inc. Has $847,000 Stock Position in Norfolk Southern Corporation $NSC

Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Norfolk Southern Corporation (NYSE:NSC) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,309 shares of the railroad operator’s stock after acquiring an additional 222 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Norfolk Southern were worth $847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSC. Price T Rowe Associates Inc. MD increased its position in Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after acquiring an additional 2,710,930 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Norfolk Southern in the 2nd quarter valued at approximately $321,393,000. Adage Capital Partners GP L.L.C. increased its position in Norfolk Southern by 341.9% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 789,950 shares of the railroad operator’s stock valued at $187,100,000 after acquiring an additional 611,198 shares during the period. Nuveen LLC acquired a new position in Norfolk Southern in the 1st quarter valued at approximately $122,256,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Norfolk Southern during the first quarter worth $110,209,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NSC. Loop Capital boosted their target price on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Evercore ISI upped their target price on Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Baird R W upgraded Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $293.80.

Norfolk Southern Trading Up 0.2%

NYSE:NSC opened at $290.25 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $65.20 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.60 and a beta of 1.33. The firm has a fifty day simple moving average of $284.66 and a two-hundred day simple moving average of $258.85. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24.

Norfolk Southern (NYSE:NSC) last posted 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 during the quarter, compared to analysts’ expectations 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. 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 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 (DPR) 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.