Whittier Trust Co. of Nevada Inc. Acquires 2,010 Shares of Norfolk Southern Corporation $NSC

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 77,702 shares of the railroad operator’s stock after acquiring an additional 2,010 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Norfolk Southern were worth $19,889,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Norfolk Southern by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock valued at $4,813,114,000 after buying an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after buying an additional 2,710,930 shares in the last quarter. Boston Partners increased its position in shares of Norfolk Southern by 3.4% in the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock valued at $983,161,000 after buying an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after buying an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Norfolk Southern by 6.4% in the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock valued at $740,891,000 after buying an additional 189,076 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.4%

Norfolk Southern stock opened at $290.91 on Tuesday. The firm has a 50-day moving average of $285.39 and a 200-day moving average of $260.77. Norfolk Southern Corporation has a one year low of $201.63 and a one year 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 company has a market cap of $65.34 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Citigroup increased their target price on Norfolk Southern from $305.00 to $316.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Susquehanna increased their target price on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Norfolk Southern has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern Company 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.