Commerzbank Aktiengesellschaft FI Boosts Stake in Norfolk Southern Corporation $NSC

Commerzbank Aktiengesellschaft FI raised its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 5.1% in the second quarter, Holdings Channel.com reports. The fund owned 3,717 shares of the railroad operator’s stock after buying an additional 181 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Norfolk Southern were worth $952,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WMG Financial Advisors LLC acquired a new position in shares of Norfolk Southern during the second quarter worth about $209,000. Callan Family Office LLC lifted its stake in shares of Norfolk Southern by 197.2% during the second quarter. Callan Family Office LLC now owns 25,546 shares of the railroad operator’s stock worth $6,539,000 after purchasing an additional 16,951 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Norfolk Southern by 2.5% during the second quarter. Blair William & Co. IL now owns 41,999 shares of the railroad operator’s stock worth $10,751,000 after purchasing an additional 1,006 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Norfolk Southern by 3.9% during the second quarter. Maryland State Retirement & Pension System now owns 10,976 shares of the railroad operator’s stock worth $2,810,000 after purchasing an additional 410 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its stake in shares of Norfolk Southern by 1.4% during the second quarter. Massachusetts Wealth Management now owns 5,951 shares of the railroad operator’s stock worth $1,523,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 2.2%

NYSE:NSC opened at $288.34 on Friday. 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 business’s 50-day simple moving average is $284.20 and its 200 day simple moving average is $257.90. The stock has a market cap of $64.77 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.65 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, topping 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, sell-side analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s payout ratio is currently 36.49%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NSC. Bank of America boosted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Citigroup boosted their price objective on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Loop Capital boosted their price target on Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research note on Tuesday, September 16th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $293.25.

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.