Shayne & Jacobs LLC Has $908,000 Position in Norfolk Southern Corporation $NSC

Shayne & Jacobs LLC raised its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,546 shares of the railroad operator’s stock after purchasing an additional 219 shares during the quarter. Shayne & Jacobs LLC’s holdings in Norfolk Southern were worth $908,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of Norfolk Southern in the first quarter worth $27,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the first quarter worth $35,000. Physician Wealth Advisors Inc. increased its stake in shares of Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Norfolk Southern in the first quarter worth $41,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after acquiring an additional 159 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Down 2.2%

NSC stock opened at $288.34 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The company has a 50-day moving average of $284.20 and a two-hundred day moving average of $257.90. The stock has a market capitalization of $64.77 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

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

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio is 36.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NSC shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Evercore ISI increased their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Citigroup increased their target price on shares of Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Barclays increased their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $293.25.

About Norfolk Southern

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.