Norfolk Southern Corporation $NSC Position Reduced by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. cut its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,121 shares of the railroad operator’s stock after selling 81 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Norfolk Southern were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NSC. Brighton Jones LLC lifted its stake in Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Norfolk Southern by 61.8% during the first quarter. Pallas Capital Advisors LLC now owns 1,741 shares of the railroad operator’s stock valued at $413,000 after buying an additional 665 shares in the last quarter. GAMMA Investing LLC lifted its stake in Norfolk Southern by 8.3% during the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock valued at $990,000 after buying an additional 321 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in Norfolk Southern by 21.8% during the first quarter. Simon Quick Advisors LLC now owns 1,342 shares of the railroad operator’s stock valued at $318,000 after buying an additional 240 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in Norfolk Southern by 2.2% during the first quarter. NorthCrest Asset Manangement LLC now owns 71,645 shares of the railroad operator’s stock valued at $16,969,000 after buying an additional 1,530 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 2.2%

Shares of NSC stock opened at $288.34 on Friday. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 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 business’s 50 day moving average is $284.20 and its two-hundred day moving average is $257.90. The company has a market cap of $64.77 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating 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 company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio (DPR) is 36.49%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. increased their price target on shares of Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Baird R W raised shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.