Journey Advisory Group LLC Raises Position in Norfolk Southern Corporation $NSC

Journey Advisory Group LLC increased its position in Norfolk Southern Corporation (NYSE:NSC) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,644 shares of the railroad operator’s stock after acquiring an additional 200 shares during the period. Journey Advisory Group LLC’s holdings in Norfolk Southern were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSC. Price T Rowe Associates Inc. MD raised its stake 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 worth $2,680,910,000 after acquiring an additional 2,710,930 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Norfolk Southern in the 2nd quarter worth $321,393,000. Adage Capital Partners GP L.L.C. raised its stake 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 worth $187,100,000 after acquiring an additional 611,198 shares during the last quarter. Nuveen LLC purchased a new position in Norfolk Southern in the 1st quarter worth $122,256,000. Finally, Phoenix Financial Ltd. purchased a new position in Norfolk Southern in the 1st quarter worth $110,209,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NSC opened at $290.91 on Tuesday. The business’s 50-day moving average is $285.39 and its two-hundred day moving average is $260.77. The company has a market capitalization of $65.34 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NSC shares. Evercore ISI raised their target price on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft raised their target price on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Susquehanna increased their price target on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Robert W. Baird increased their price target on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein increased their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Norfolk Southern has a consensus rating of “Hold” and a consensus price target 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.