Gables Capital Management Inc. Purchases 38 Shares of Norfolk Southern Corporation $NSC

Gables Capital Management Inc. lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,466 shares of the railroad operator’s stock after buying an additional 38 shares during the quarter. Gables Capital Management Inc.’s holdings in Norfolk Southern were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Norfolk Southern by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock worth $4,813,114,000 after buying an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Norfolk Southern by 31.5% during 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 buying an additional 2,710,930 shares in the last quarter. Boston Partners grew its position in shares of Norfolk Southern by 3.4% during the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock worth $983,161,000 after buying an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in shares of Norfolk Southern by 0.7% during the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock worth $947,006,000 after buying an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Norfolk Southern by 6.4% during the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock worth $740,891,000 after buying an additional 189,076 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.5%

Norfolk Southern stock opened at $289.83 on Wednesday. The stock has a 50-day moving average of $285.63 and a two-hundred day moving average of $260.97. 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 one year low of $201.63 and a one year high of $302.24. The stock has a market cap of $65.10 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.62 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 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 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. On average, research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Analysts Set New Price Targets

NSC has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price objective on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Robert W. Baird raised their price objective on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, TD Cowen raised Norfolk Southern from a “hold” rating to a “buy” rating and raised their price objective for the company from $263.00 to $323.00 in a research report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern 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.