Chicago Partners Investment Group LLC Increases Stock Holdings in Norfolk Southern Corporation $NSC

Chicago Partners Investment Group LLC increased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 20.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,434 shares of the railroad operator’s stock after acquiring an additional 752 shares during the period. Chicago Partners Investment Group LLC’s holdings in Norfolk Southern were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted 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 buying an additional 159 shares in the last quarter. Morningstar Investment Management LLC purchased a new position in shares of Norfolk Southern during the 2nd quarter valued at approximately $597,000. Wealth Enhancement Advisory Services LLC lifted 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 buying an additional 2,782 shares in the last quarter. GC Wealth Management RIA LLC lifted 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 buying an additional 1,528 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Norfolk Southern by 4.6% in the 2nd 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. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.4%

NYSE NSC opened at $290.91 on Tuesday. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $285.39 and its 200-day simple moving average is $260.77. The firm has a market cap of $65.34 billion, a PE ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33.

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 the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on NSC shares. Barclays raised their price objective on Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Royal Bank Of Canada lowered Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Loop Capital raised their price objective on 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 raised their price objective on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Benchmark lowered Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $293.80.

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.