Jag Capital Management LLC Buys 360 Shares of Norfolk Southern Corporation $NSC

Jag Capital Management LLC raised its stake in Norfolk Southern Corporation (NYSE:NSC) by 40.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,260 shares of the railroad operator’s stock after acquiring an additional 360 shares during the period. Jag Capital Management LLC’s holdings in Norfolk Southern were worth $322,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NSC. WPG Advisers LLC bought a new stake in shares of Norfolk Southern in the first quarter valued at about $27,000. HWG Holdings LP bought a new stake in Norfolk Southern during the first quarter worth about $35,000. Physician Wealth Advisors Inc. raised its holdings in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 159 shares in the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Price Performance

Shares of NSC opened at $289.87 on Tuesday. The firm has a market capitalization of $65.11 billion, a PE ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33. The company’s 50-day moving average is $284.45 and its 200-day moving average is $258.63. 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 debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Equities analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid 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 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 36.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a research note on Wednesday, October 8th. Sanford C. Bernstein upped their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Baird R W raised shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Evercore ISI upped their target price on shares of Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Finally, TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and upped their price objective for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $293.80.

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.