Calamos Wealth Management LLC Has $894,000 Stake in Norfolk Southern Corporation $NSC

Calamos Wealth Management LLC lifted its position in Norfolk Southern Corporation (NYSE:NSC) by 26.9% in the second quarter, HoldingsChannel.com reports. The firm owned 3,491 shares of the railroad operator’s stock after acquiring an additional 741 shares during the period. Calamos Wealth Management LLC’s holdings in Norfolk Southern were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its position in Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares during the period. Morningstar Investment Management LLC bought a new stake in Norfolk Southern in the second quarter valued at $597,000. Wealth Enhancement Advisory Services LLC grew its position in Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after acquiring an additional 2,782 shares during the period. GC Wealth Management RIA LLC grew its position in Norfolk Southern by 52.5% in the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock valued at $1,137,000 after acquiring an additional 1,528 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Norfolk Southern by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock valued at $19,468,000 after acquiring an additional 3,367 shares during the period. 75.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target on shares of Norfolk Southern in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their target price on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Barclays increased their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Citigroup increased their target price on Norfolk Southern from $305.00 to $316.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Finally, Baird R W upgraded Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $293.80.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $289.86 on Monday. The business’s 50-day simple moving average is $285.14 and its 200 day simple moving average is $260.20. The stock has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month 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.

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

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.