Triglav Investments D.O.O. Sells 3,200 Shares of Norfolk Southern Corporation $NSC

Triglav Investments D.O.O. cut its holdings in Norfolk Southern Corporation (NYSE:NSC) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the railroad operator’s stock after selling 3,200 shares during the quarter. Triglav Investments D.O.O.’s holdings in Norfolk Southern were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Norfolk Southern by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 20,825,837 shares of the railroad operator’s stock worth $6,012,836,000 after acquiring an additional 272,651 shares during the last quarter. State Street Corp grew its stake in shares of Norfolk Southern by 4.1% during the fourth quarter. State Street Corp now owns 9,710,549 shares of the railroad operator’s stock valued at $2,803,630,000 after purchasing an additional 379,819 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Norfolk Southern by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 4,878,029 shares of the railroad operator’s stock valued at $1,401,797,000 after purchasing an additional 36,205 shares during the last quarter. Norges Bank acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $1,084,701,000. Finally, Pentwater Capital Management LP increased its holdings in shares of Norfolk Southern by 9.8% in the fourth quarter. Pentwater Capital Management LP now owns 3,019,000 shares of the railroad operator’s stock valued at $871,646,000 after purchasing an additional 269,000 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NSC stock opened at $327.60 on Monday. Norfolk Southern Corporation has a 52-week low of $257.49 and a 52-week high of $328.58. The stock has a market cap of $73.58 billion, a PE ratio of 27.60, a PEG ratio of 6.02 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91. The firm’s 50 day moving average price is $313.03 and its two-hundred day moving average price is $303.09.

Norfolk Southern (NYSE:NSC) last released its earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. As a group, analysts forecast that Norfolk Southern Corporation will post 12.17 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.6%. Norfolk Southern’s payout ratio is 45.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stephens raised Norfolk Southern to a “hold” rating in a report on Wednesday, July 8th. Sanford C. Bernstein lowered their target price on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Evercore set a $325.00 target price on Norfolk Southern in a research report on Friday, April 24th. Wolfe Research upped their price target on Norfolk Southern from $350.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada decreased their price target on Norfolk Southern from $360.00 to $320.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $326.72.

Key Headlines Impacting Norfolk Southern

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

• Positive Sentiment: Robert W. Baird raised its price target on Norfolk Southern from $330 to $360, signaling more upside potential even though the firm kept a neutral rating. Benzinga report
• Positive Sentiment: Stephens upgraded Norfolk Southern to hold, a modestly more favorable stance that can support sentiment around the stock. Tickerreport.com article
• Neutral Sentiment: A Globe and Mail roundup noted that analyst views on Norfolk Southern are mixed, reinforcing that investors are balancing optimism on valuation with caution on near-term fundamentals. The Globe and Mail article
• Neutral Sentiment: JPMorgan lowered its price target from $331 to $316 and kept a neutral rating, suggesting limited upside from current levels and some pressure on sentiment. Benzinga report
• Negative Sentiment: Unusual options activity showed a surge in put buying, which can indicate that some traders are positioning for downside or hedging against short-term weakness. Options trading report

Norfolk Southern Profile

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.