Norfolk Southern Corporation $NSC Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,354 shares of the railroad operator’s stock after purchasing an additional 453 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Norfolk Southern were worth $3,162,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Norfolk Southern in the first quarter valued at approximately $27,000. HWG Holdings LP acquired a new position in Norfolk Southern in the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. lifted its holdings in Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after acquiring an additional 84 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Norfolk Southern in the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC increased its position in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSC has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and boosted their price target for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Sanford C. Bernstein boosted their price target on 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 upgraded Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, 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 research report on Tuesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Price Performance

NSC opened at $289.87 on Tuesday. The stock’s 50-day moving average price is $284.45 and its 200 day moving average price is $258.63. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The firm has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates 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, sell-side analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) 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.