First Bancorp Inc ME Takes $618,000 Position in Norfolk Southern Corporation $NSC

Posted by George Bondi on Aug 26th, 2026

First Bancorp Inc ME bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,965 shares of the railroad operator’s stock, valued at approximately $618,000.

A number of other large investors have also bought and sold shares of NSC. Exencial Wealth Advisors LLC raised its holdings in shares of Norfolk Southern by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock valued at $929,000 after purchasing an additional 35 shares during the period. Sovereign Financial Group Inc. grew its stake in shares of Norfolk Southern by 3.3% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock valued at $318,000 after buying an additional 35 shares during the period. Bar Harbor Wealth Management increased its position in Norfolk Southern by 0.6% in the 1st quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock valued at $1,805,000 after buying an additional 36 shares in the last quarter. Apollon Financial LLC raised its stake in Norfolk Southern by 4.3% during the 1st quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock worth $253,000 after buying an additional 36 shares during the period. Finally, Moss Adams Wealth Advisors LLC raised its stake in Norfolk Southern by 4.6% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock worth $237,000 after buying an additional 36 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

NSC opened at $351.73 on Wednesday. Norfolk Southern Corporation has a 1 year low of $268.23 and a 1 year high of $358.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73. The company has a market capitalization of $79.00 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 6.25 and a beta of 1.27. The firm’s fifty day moving average price is $329.90 and its two-hundred day moving average price is $314.17.

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

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Norfolk Southern in a research note on Friday, July 24th. Robert W. Baird increased their target price on Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Barclays lifted their price target on shares of Norfolk Southern from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. UBS Group restated a “neutral” rating and set a $363.00 price objective on shares of Norfolk Southern in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and a consensus target price of $348.00.

Check Out Our Latest Stock Analysis on Norfolk Southern

Norfolk Southern 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.