Goelzer Investment Management Inc. Has $1.13 Million Stock Position in Norfolk Southern Corporation $NSC

Goelzer Investment Management Inc. trimmed its position in Norfolk Southern Corporation (NYSE:NSC) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,416 shares of the railroad operator’s stock after selling 55 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Norfolk Southern were worth $1,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings in Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after buying an additional 159 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Norfolk Southern by 1.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock worth $846,000 after buying an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Norfolk Southern by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock worth $16,925,000 after buying an additional 2,782 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Norfolk Southern by 8.3% during the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock worth $990,000 after buying an additional 321 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in Norfolk Southern by 2.8% during the first quarter. Focus Partners Wealth now owns 115,417 shares of the railroad operator’s stock worth $27,337,000 after buying an additional 3,163 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $278.04 on Thursday. The stock has a 50 day moving average price of $277.16 and a 200 day moving average price of $251.01. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $291.69. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The stock has a market capitalization of $62.45 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.29.

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. Analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $1.35 dividend. 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 currently 36.49%.

Analyst Ratings Changes

NSC has been the topic of a number of recent analyst reports. Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Bank of America raised their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Evercore ISI restated an “in-line” rating and set a $289.00 target price (up previously from $279.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and raised their target price for the stock from $263.00 to $323.00 in a report on Monday, July 21st. Finally, Robert W. Baird raised their price target on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $286.25.

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.