Baldwin Wealth Partners LLC MA Reduces Stock Holdings in Norfolk Southern Corporation $NSC

Baldwin Wealth Partners LLC MA decreased its position in Norfolk Southern Corporation (NYSE:NSC) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,328 shares of the railroad operator’s stock after selling 128 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Norfolk Southern were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Callan Family Office LLC lifted its position in shares of Norfolk Southern by 197.2% during the second quarter. Callan Family Office LLC now owns 25,546 shares of the railroad operator’s stock worth $6,539,000 after acquiring an additional 16,951 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Norfolk Southern by 2.5% during the second quarter. Blair William & Co. IL now owns 41,999 shares of the railroad operator’s stock worth $10,751,000 after acquiring an additional 1,006 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Norfolk Southern by 3.9% during the second quarter. Maryland State Retirement & Pension System now owns 10,976 shares of the railroad operator’s stock worth $2,810,000 after acquiring an additional 410 shares in the last quarter. Massachusetts Wealth Management lifted its position in shares of Norfolk Southern by 1.4% during the second quarter. Massachusetts Wealth Management now owns 5,951 shares of the railroad operator’s stock worth $1,523,000 after acquiring an additional 80 shares in the last quarter. Finally, Ignite Planners LLC purchased a new stake in shares of Norfolk Southern during the second quarter worth $202,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NSC shares. Citigroup increased their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and increased their price objective for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Sanford C. Bernstein increased their price objective on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Susquehanna increased their price objective on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $293.25.

Norfolk Southern Stock Down 2.2%

NSC opened at $288.34 on Friday. The stock has a market cap of $64.77 billion, a PE ratio of 19.48, a P/E/G ratio of 2.65 and a beta of 1.33. 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 Corporation has a 52 week low of $201.63 and a 52 week high of $302.24. The business’s fifty day simple moving average is $284.20 and its 200 day simple moving average is $257.90.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations 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. As a group, research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s dividend payout ratio is currently 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.