RMG Wealth Management LLC Acquires New Holdings in Norfolk Southern Corporation $NSC

RMG Wealth Management LLC bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 204 shares of the railroad operator’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after purchasing an additional 79 shares during the last quarter. Wedmont Private Capital increased its position in Norfolk Southern by 6.9% during the first quarter. Wedmont Private Capital now owns 3,845 shares of the railroad operator’s stock worth $839,000 after buying an additional 248 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Norfolk Southern by 2.3% in the first quarter. First Citizens Bank & Trust Co. now owns 2,887 shares of the railroad operator’s stock worth $684,000 after acquiring an additional 64 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Norfolk Southern by 3.1% in the first quarter. Daymark Wealth Partners LLC now owns 9,537 shares of the railroad operator’s stock valued at $2,259,000 after acquiring an additional 284 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Norfolk Southern by 110.0% in the first quarter. Farther Finance Advisors LLC now owns 6,009 shares of the railroad operator’s stock valued at $1,422,000 after acquiring an additional 3,147 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $296.00 on Wednesday. The company has a market cap of $66.49 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.69 and a beta of 1.33. The firm’s 50 day moving average is $283.25 and its two-hundred day moving average is $256.85. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

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. 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 the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts expect that Norfolk Southern Corporation will post 13 EPS for the current 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 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 dividend yield of 1.8%. Norfolk Southern’s payout ratio is presently 36.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a research report on Saturday, September 27th. Susquehanna lifted their target price on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Finally, Barclays increased their price target on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $292.50.

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.