Mutual Advisors LLC Has $1.26 Million Stake in Norfolk Southern Corporation $NSC

Mutual Advisors LLC boosted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,478 shares of the railroad operator’s stock after acquiring an additional 181 shares during the period. Mutual Advisors LLC’s holdings in Norfolk Southern were worth $1,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC lifted its position in Norfolk Southern by 1.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock worth $622,000 after acquiring an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after acquiring an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of Norfolk Southern by 4.9% during the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock valued at $226,000 after buying an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Norfolk Southern by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock valued at $605,000 after buying an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC raised its position in shares of Norfolk Southern by 3.3% during the second quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock valued at $372,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the subject of a number of research analyst reports. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and upped their price objective for the company from $263.00 to $323.00 in a research report on Monday, July 21st. Barclays upped 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, October 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Benchmark lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, 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. Eight research 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, Norfolk Southern currently has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $289.86 on Friday. 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 $65.11 billion, a price-to-earnings ratio of 19.59, a P/E/G 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. The firm’s 50-day moving average price is $285.14 and its two-hundred day moving average price is $259.78.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion for 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. On average, equities analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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