Inlight Wealth Management LLC Acquires Shares of 541 Norfolk Southern Corporation $NSC

Inlight Wealth Management LLC acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 541 shares of the railroad operator’s stock, valued at approximately $138,000.

Other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Norfolk Southern during the 1st quarter worth about $27,000. HWG Holdings LP acquired a new stake in Norfolk Southern during the first quarter worth approximately $35,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Norfolk Southern by 129.2% during 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 period. Financial Gravity Asset Management Inc. acquired a new position in shares of Norfolk Southern in the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 159 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price objective on Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. Benchmark lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Robert W. Baird increased their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Baird R W raised shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Finally, Loop Capital boosted their price target on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a research note on Tuesday, September 16th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $292.50.

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $300.02 on Monday. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $302.24. The stock has a market capitalization of $67.39 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.69 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The company’s 50 day simple moving average is $282.63 and its 200 day simple moving average is $256.10.

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

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.49%.

Norfolk Southern Company 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.