Kelman Lazarov Inc. Reduces Holdings in Norfolk Southern Corporation $NSC

Kelman Lazarov Inc. trimmed its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,842 shares of the railroad operator’s stock after selling 194 shares during the quarter. Kelman Lazarov Inc.’s holdings in Norfolk Southern were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NSC. Price T Rowe Associates Inc. MD boosted its stake in Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after buying an additional 2,710,930 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Norfolk Southern during the second quarter worth $321,393,000. Adage Capital Partners GP L.L.C. lifted its position in shares of Norfolk Southern by 341.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 789,950 shares of the railroad operator’s stock worth $187,100,000 after purchasing an additional 611,198 shares during the last quarter. Nuveen LLC bought a new stake in shares of Norfolk Southern during the first quarter worth $122,256,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Norfolk Southern during the first quarter worth $110,209,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Performance

NSC stock opened at $289.86 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The business has a 50-day moving average price of $285.14 and a 200 day moving average price of $259.93. The company has a market capitalization of $65.11 billion, a P/E ratio of 19.59, a PEG ratio of 2.60 and a beta of 1.33. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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, equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s payout ratio is 36.49%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Robert W. Baird lifted their target price on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Barclays lifted their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Loop Capital lifted their target price on Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research report on Tuesday, September 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a research report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $293.80.

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.