Centric Wealth Management Buys Shares of 2,704 Norfolk Southern Corporation $NSC

Posted by Geri Gentry on Aug 16th, 2026

Centric Wealth Management bought a new stake in Norfolk Southern Corporation (NYSE:NSC – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,704 shares of the railroad operator’s stock, valued at approximately $843,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Norfolk Southern in the 4th quarter valued at $1,084,701,000. Pentwater Capital Management LP purchased a new position in Norfolk Southern during the 3rd quarter worth $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Norfolk Southern by 545.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock worth $392,396,000 after buying an additional 1,103,748 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Norfolk Southern in the 3rd quarter worth $329,629,000. Finally, HBK Investments L P lifted its stake in shares of Norfolk Southern by 67.7% in the 4th quarter. HBK Investments L P now owns 2,130,000 shares of the railroad operator’s stock worth $614,974,000 after acquiring an additional 860,000 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Norfolk Southern from $337.00 to $376.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group restated a “neutral” rating and issued a $363.00 price objective on shares of Norfolk Southern in a research report on Friday, July 24th. Susquehanna lifted their price objective on Norfolk Southern from $337.00 to $360.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Robert W. Baird boosted their target price on Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Norfolk Southern has an average rating of “Hold” and a consensus target price of $348.00.

View Our Latest Research Report on NSC

Norfolk Southern Price Performance

NSC stock opened at $334.69 on Friday. The firm has a 50 day moving average of $324.87 and a 200-day moving average of $311.36. The company has a market cap of $75.17 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 5.92 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. Norfolk Southern Corporation has a 12-month low of $268.23 and a 12-month high of $358.60.

Norfolk Southern (NYSE:NSC – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the firm posted $3.29 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts expect that Norfolk Southern Corporation will post 12.66 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, August 7th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.6%. Norfolk Southern’s dividend payout ratio is 46.08%.

Norfolk Southern Company Profile

(Free Report)

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.