Oak Hill Wealth Advisors LLC Has $1.37 Million Holdings in Norfolk Southern Corporation $NSC

Oak Hill Wealth Advisors LLC increased its stake in Norfolk Southern Corporation (NYSE:NSC) by 20.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,260 shares of the railroad operator’s stock after purchasing an additional 900 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Norfolk Southern were worth $1,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSC. Vanguard Group Inc. boosted its stake in Norfolk Southern by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock valued at $4,813,114,000 after purchasing an additional 232,195 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after purchasing an additional 2,710,930 shares during the period. Boston Partners boosted its stake in Norfolk Southern by 3.4% in the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock valued at $983,161,000 after purchasing an additional 138,678 shares during the period. EdgePoint Investment Group Inc. boosted its stake in Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after purchasing an additional 29,753 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Norfolk Southern by 6.4% during the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock worth $740,891,000 after purchasing an additional 189,076 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSC has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target on shares of Norfolk Southern in a research note on Friday, July 25th. Sanford C. Bernstein boosted their price target on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Citigroup boosted their price target on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Robert W. Baird boosted their price target on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $292.50.

Norfolk Southern Trading Up 0.6%

Shares of NSC stock opened at $300.02 on Friday. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.64 and a beta of 1.33. The stock has a 50-day moving average of $282.63 and a 200-day moving average of $255.79. 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 1-year low of $201.63 and a 1-year high of $302.24.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping 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 business 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. On average, equities research analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

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

Norfolk Southern 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.