Schnieders Capital Management LLC Buys 1,670 Shares of Norfolk Southern Corporation $NSC

Schnieders Capital Management LLC boosted its stake in Norfolk Southern Corporation (NYSE:NSC) by 64.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,275 shares of the railroad operator’s stock after purchasing an additional 1,670 shares during the quarter. Schnieders Capital Management LLC’s holdings in Norfolk Southern were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its holdings in Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in Norfolk Southern in the second quarter valued at about $597,000. Wealth Enhancement Advisory Services LLC grew 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 valued at $16,925,000 after acquiring an additional 2,782 shares during the period. GC Wealth Management RIA LLC grew its stake in Norfolk Southern by 52.5% in the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock valued at $1,137,000 after acquiring an additional 1,528 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Norfolk Southern by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock valued at $19,468,000 after acquiring an additional 3,367 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.5%

NSC stock opened at $289.86 on Monday. The business has a 50-day moving average of $285.14 and a 200-day moving average of $260.20. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The stock has a market capitalization of $65.11 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued 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 firm 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. On average, sell-side analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America boosted their target price on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. Loop Capital boosted their target price on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, TD Cowen raised Norfolk Southern from a “hold” rating to a “buy” rating and boosted their target price for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.