Whittier Trust Co. of Nevada Inc. Buys 2,010 Shares of Norfolk Southern Corporation $NSC

Whittier Trust Co. of Nevada Inc. grew its stake in Norfolk Southern Corporation (NYSE:NSC) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,702 shares of the railroad operator’s stock after purchasing an additional 2,010 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Norfolk Southern were worth $19,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after acquiring an additional 79 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Norfolk Southern by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock worth $990,000 after acquiring an additional 321 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Norfolk Southern by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock worth $16,925,000 after acquiring an additional 2,782 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Norfolk Southern by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,133 shares of the railroad operator’s stock worth $9,742,000 after acquiring an additional 3,348 shares in the last quarter. Finally, Hudson Value Partners LLC acquired a new position in shares of Norfolk Southern in the 1st quarter worth approximately $201,000. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NSC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Bank of America boosted their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Evercore ISI upped their price objective on Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Finally, Robert W. Baird upped their price objective on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Stock Up 0.4%

NYSE:NSC opened at $290.91 on Tuesday. The stock’s fifty day moving average price is $285.39 and its two-hundred day moving average price is $260.77. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The company has a market cap of $65.34 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion during 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. On average, analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

About Norfolk Southern

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.