Norfolk Southern Corporation $NSC Shares Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Norfolk Southern Corporation (NYSE:NSC) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,120 shares of the railroad operator’s stock after buying an additional 1,500 shares during the period. Norfolk Southern makes up approximately 2.2% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 13th biggest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Norfolk Southern were worth $14,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted 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 worth $400,000 after buying an additional 79 shares during the period. Intech Investment Management LLC raised its stake in shares of Norfolk Southern by 40.4% in the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after acquiring an additional 1,855 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Norfolk Southern in the 2nd quarter valued at approximately $327,000. Schnieders Capital Management LLC. lifted its holdings in shares of Norfolk Southern by 64.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock worth $1,094,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Norfolk Southern by 185.1% in the 2nd quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock worth $1,174,000 after acquiring an additional 2,979 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analysts Set New Price Targets

NSC has been the subject of a number of research analyst reports. Stephens raised shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada boosted their target price on Norfolk Southern from $320.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company upped their price target on Norfolk Southern from $365.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings lowered Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $363.00 price objective on shares of Norfolk Southern in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $344.35.

Norfolk Southern News Summary

Here are the key news stories impacting Norfolk Southern this week:

• Positive Sentiment: Norfolk Southern beat Q2 expectations, posting $3.52 in EPS and revenue above estimates, with revenue up 12.5% year over year and record quarterly sales. Reuters article
• Positive Sentiment: Wells Fargo raised its price target to $385 and reiterated an overweight rating, signaling confidence that the stock still has room to run. Benzinga article
• Positive Sentiment: Citigroup lifted its target to $376, reflecting a more constructive view after the earnings release, even though it kept a neutral rating. Benzinga article
• Neutral Sentiment: JPMorgan raised its target to $338 but maintained a neutral rating, suggesting valuation looks less compelling after the recent move higher. Benzinga article
• Neutral Sentiment: Some commentary noted lower profitability and margin pressure despite the revenue beat, which may temper enthusiasm if cost pressures persist. Seeking Alpha article
• Negative Sentiment: Profitability was held back by higher fuel costs and lower efficiency, showing that cost inflation remains a headwind even as demand improves. TipRanks article

Norfolk Southern Trading Up 0.9%

NYSE NSC opened at $351.69 on Friday. The firm has a 50 day simple moving average of $317.37 and a 200-day simple moving average of $306.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.83. Norfolk Southern Corporation has a one year low of $268.23 and a one year high of $358.60. The firm has a market cap of $78.99 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 6.37 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.29 EPS. Equities research analysts anticipate that Norfolk Southern Corporation will post 12.24 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, August 7th will be paid a $1.35 dividend. The ex-dividend date is Friday, August 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.5%. Norfolk Southern’s payout ratio is 45.49%.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.