Norfolk Southern Corporation $NSC Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in Norfolk Southern Corporation (NYSE:NSC) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 31,018 shares of the railroad operator’s stock after selling 184 shares during the period. Trust Co. of Vermont’s holdings in Norfolk Southern were worth $7,940,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Norfolk Southern by 883.3% in the first 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 last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Norfolk Southern by 1.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after acquiring an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 valued at $16,925,000 after acquiring an additional 2,782 shares during the last quarter. GC Wealth Management RIA LLC boosted its stake in shares of Norfolk Southern by 52.5% during the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock valued at $1,137,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Norfolk Southern during the second quarter valued at $321,393,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on NSC shares. Bank of America increased their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Evercore ISI increased their price objective on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Sanford C. Bernstein increased their price objective on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a research note on Friday, July 25th. Finally, Robert W. Baird increased their target price 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 investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Norfolk Southern presently has an average rating of “Hold” and an average price target of $288.45.

Norfolk Southern Stock Performance

NYSE NSC opened at $300.34 on Wednesday. The business’s 50-day moving average price is $281.52 and its 200 day moving average price is $254.60. The company has a market capitalization of $67.46 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.66 and a beta of 1.29. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $300.91.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The company 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. On average, research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

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

About Norfolk Southern

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.