Praxis Investment Management Inc. Lowers Stake in Norfolk Southern Corporation $NSC

Praxis Investment Management Inc. cut its holdings in Norfolk Southern Corporation (NYSE:NSC) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,330 shares of the railroad operator’s stock after selling 210 shares during the period. Praxis Investment Management Inc.’s holdings in Norfolk Southern were worth $1,364,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NSC. Brighton Jones LLC lifted its stake in Norfolk Southern by 4.9% in the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after purchasing an additional 79 shares during the last quarter. GAMMA Investing LLC lifted its stake in Norfolk Southern by 8.3% in the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock worth $990,000 after purchasing an additional 321 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock worth $16,925,000 after purchasing an additional 2,782 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Norfolk Southern by 10.1% in the first quarter. CWA Asset Management Group LLC now owns 1,279 shares of the railroad operator’s stock worth $303,000 after purchasing an additional 117 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Norfolk Southern by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 26,519 shares of the railroad operator’s stock worth $6,281,000 after purchasing an additional 725 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Up 0.5%

Shares of NSC opened at $289.86 on Friday. The firm’s 50-day moving average price is $285.14 and its 200-day moving average price is $259.78. The firm has a market capitalization of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33. 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 Corporation has a 1-year low of $201.63 and a 1-year high of $302.24.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

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

Analyst Ratings Changes

Several analysts have weighed in on NSC shares. Sanford C. Bernstein boosted their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Royal Bank Of Canada cut shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $300.00 price objective on shares of Norfolk Southern in a research report on Friday, July 25th. Finally, 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 research report on Thursday, July 17th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of “Hold” and an average target price of $293.80.

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.