Community Bank & Trust Waco Texas Sells 166 Shares of Norfolk Southern Corporation $NSC

Community Bank & Trust Waco Texas lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,010 shares of the railroad operator’s stock after selling 166 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Norfolk Southern were worth $2,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Norfolk Southern by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock worth $846,000 after acquiring an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Norfolk Southern by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock worth $16,925,000 after acquiring an additional 2,782 shares during the last quarter. GC Wealth Management RIA LLC increased its stake in Norfolk Southern by 52.5% in the 2nd quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock worth $1,137,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Norfolk Southern in the 2nd quarter worth approximately $321,393,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NSC opened at $300.34 on Wednesday. The business has a fifty day moving average of $281.52 and a 200 day moving average of $254.60. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $300.91. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The stock has a market cap of $67.46 billion, a P/E ratio of 20.29, a PEG ratio of 2.66 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The company 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. As a group, sell-side analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s payout ratio is presently 36.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on NSC. Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Susquehanna lifted their price objective on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $288.00 price objective (up previously from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their price objective on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Barclays lifted their price objective on Norfolk Southern from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $288.45.

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.