First Citizens Bank & Trust Co. Buys 9,941 Shares of Norfolk Southern Corporation $NSC

Posted by Brian Himes on Jul 23rd, 2026

First Citizens Bank & Trust Co. lifted its position in Norfolk Southern Corporation (NYSE:NSC – Free Report) by 309.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,158 shares of the railroad operator’s stock after acquiring an additional 9,941 shares during the period. First Citizens Bank & Trust Co.’s holdings in Norfolk Southern were worth $3,776,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NSC. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter worth about $25,000. BNP Paribas acquired a new stake in shares of Norfolk Southern in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its stake in shares of Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 67 shares during the period. Financial Life Planners acquired a new position in shares of Norfolk Southern during the 1st quarter worth approximately $33,000. Finally, Bayban acquired a new position in shares of Norfolk Southern during the 4th quarter worth approximately $34,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Up 0.1%

NYSE:NSC opened at $331.52 on Thursday. Norfolk Southern Corporation has a one year low of $268.23 and a one year high of $342.53. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The company has a market cap of $74.46 billion, a PE ratio of 27.93, a P/E/G ratio of 6.06 and a beta of 1.27. The firm’s 50 day simple moving average is $316.07 and its 200 day simple moving average is $305.42.

Norfolk Southern (NYSE:NSC – Get Free Report) last announced its earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $2.69 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Norfolk Southern Corporation will post 12.24 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, August 7th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.6%. Norfolk Southern’s dividend payout ratio (DPR) is presently 45.49%.

Analyst Upgrades and Downgrades

NSC has been the topic of several research reports. Royal Bank Of Canada decreased their price objective on shares of Norfolk Southern from $360.00 to $320.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 24th. Jefferies Financial Group cut their target price on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Evercore set a $325.00 price target on shares of Norfolk Southern in a research note on Friday, April 24th. Wells Fargo & Company increased their price target on shares of Norfolk Southern from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Norfolk Southern from $331.00 to $316.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $329.35.

View Our Latest Stock Analysis on Norfolk Southern

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.