Joel Isaacson & Co. LLC Reduces Stock Position in Norfolk Southern Corporation $NSC

Joel Isaacson & Co. LLC decreased its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,407 shares of the railroad operator’s stock after selling 90 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Norfolk Southern were worth $1,384,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC lifted its holdings in Norfolk Southern by 1.7% in the second quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock valued at $622,000 after acquiring an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock valued at $47,000 after purchasing an additional 43 shares during the period. Canandaigua National Trust Co of Florida lifted its stake in 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 in the last quarter. Capital Investment Advisory Services LLC boosted its position 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 buying an additional 45 shares during the period. Finally, LexAurum Advisors LLC raised its holdings in shares of Norfolk Southern by 3.3% in the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock valued at $372,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NSC shares. Evercore ISI boosted their price target on shares of Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $288.00 target price (up from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Benchmark cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price objective on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Bank of America boosted their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $292.50.

Norfolk Southern Trading Down 0.1%

NSC opened at $299.98 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The company has a market cap of $67.38 billion, a P/E ratio of 20.27, a PEG ratio of 2.69 and a beta of 1.33. The business’s 50-day simple moving average is $282.90 and its 200-day simple moving average is $256.57.

Norfolk Southern (NYSE:NSC) last announced 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 net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s 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.