Trifecta Capital Advisors LLC Sells 100 Shares of Norfolk Southern Corporation $NSC

Trifecta Capital Advisors LLC lowered its holdings in Norfolk Southern Corporation (NYSE:NSC) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 685 shares of the railroad operator’s stock after selling 100 shares during the period. Trifecta Capital Advisors LLC’s holdings in Norfolk Southern were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Norfolk Southern in the first quarter valued at $27,000. HWG Holdings LP bought a new position in shares of Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its position in shares of Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after acquiring an additional 84 shares during the period. Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its position in shares of Norfolk Southern by 883.3% in the 1st 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. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NSC. Susquehanna lifted their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Loop Capital lifted their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a research report on Tuesday, September 16th. Evercore ISI lifted their price objective on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Barclays raised their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and a consensus price target of $293.25.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $296.70 on Thursday. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve 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. The company has a 50-day simple moving average of $283.60 and a two-hundred day simple moving average of $257.12. The stock has a market capitalization of $66.64 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued 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 net margin of 27.51% and a return on equity of 19.35%. The business 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. Analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern’s payout ratio is 36.49%.

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.