Norfolk Southern Corporation $NSC Shares Sold by Fairman Group LLC

Fairman Group LLC lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSCFree Report) by 27.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 381 shares of the railroad operator’s stock after selling 141 shares during the period. Fairman Group LLC’s holdings in Norfolk Southern were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NSC. Brighton Jones LLC boosted its position in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 79 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Norfolk Southern by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock valued at $990,000 after acquiring an additional 321 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Norfolk Southern by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after acquiring an additional 2,782 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Norfolk Southern by 1.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after acquiring an additional 65 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Norfolk Southern by 5.1% during the 1st quarter. Ritholtz Wealth Management now owns 6,615 shares of the railroad operator’s stock valued at $1,567,000 after acquiring an additional 321 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.2%

Shares of NSC opened at $290.25 on Wednesday. The firm has a market cap of $65.20 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company’s 50-day moving average price is $284.66 and its 200 day moving average price is $258.85. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NSC shares. Robert W. Baird boosted their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Bank of America boosted their price objective on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $293.80.

Read Our Latest Report on Norfolk Southern

Norfolk Southern Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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