Price T Rowe Associates Inc. MD Has $2.68 Billion Stake in Norfolk Southern Corporation $NSC

Price T Rowe Associates Inc. MD boosted its holdings in Norfolk Southern Corporation (NYSE:NSC) by 31.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,319,010 shares of the railroad operator’s stock after purchasing an additional 2,710,930 shares during the period. Price T Rowe Associates Inc. MD owned about 0.05% of Norfolk Southern worth $2,680,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSC. CoreCap Advisors LLC lifted its stake in shares of Norfolk Southern by 1.5% in the 4th quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator’s stock valued at $727,000 after acquiring an additional 45 shares during the last quarter. Canandaigua National Trust Co of Florida grew its holdings in shares of Norfolk Southern by 4.9% during the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after purchasing an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of Norfolk Southern by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after purchasing an additional 45 shares during the last quarter. Certified Advisory Corp boosted its position in Norfolk Southern by 1.0% during the 1st quarter. Certified Advisory Corp now owns 4,644 shares of the railroad operator’s stock worth $1,100,000 after buying an additional 47 shares during the period. Finally, Malaga Cove Capital LLC boosted its position in Norfolk Southern by 2.1% during the 4th quarter. Malaga Cove Capital LLC now owns 2,451 shares of the railroad operator’s stock worth $575,000 after buying an additional 50 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NSC shares. BMO Capital Markets reiterated a “market perform” rating and set a $255.00 target price on shares of Norfolk Southern in a research report on Thursday, April 24th. Susquehanna restated a “neutral” rating and set a $260.00 price objective (up previously from $250.00) on shares of Norfolk Southern in a report on Tuesday, June 24th. Baird R W raised Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and lifted their price target for the company from $263.00 to $323.00 in a research report on Monday, July 21st. Finally, Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $285.15.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $285.7490 on Thursday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $288.64. 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 firm has a 50-day moving average of $268.76 and a 200-day moving average of $247.31. The company has a market cap of $64.18 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.53 and a beta of 1.31.

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, topping analysts’ consensus estimates of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

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

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.