Kryger Capital LLC Makes New $152.19 Million Investment in Norfolk Southern Corporation $NSC

Kryger Capital LLC purchased a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 530,269 shares of the railroad operator’s stock, valued at approximately $152,187,000. Norfolk Southern comprises about 10.8% of Kryger Capital LLC’s investment portfolio, making the stock its biggest position.

Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new stake in Norfolk Southern during the 3rd quarter valued at approximately $25,000. BNP Paribas acquired a new stake in Norfolk Southern during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. grew its stake in shares of Norfolk Southern by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. Financial Life Planners purchased a new position in shares of Norfolk Southern in the 1st quarter valued at approximately $33,000. Finally, Bayban acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.9%

Shares of NSC opened at $351.69 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average is $317.37 and its two-hundred day moving average is $306.16. Norfolk Southern Corporation has a twelve month low of $268.23 and a twelve month high of $358.60. The firm has a market capitalization of $78.99 billion, a P/E ratio of 30.01, a PEG ratio of 6.37 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.Norfolk Southern’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $3.29 EPS. On average, research analysts predict that Norfolk Southern Corporation will post 12.24 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, August 7th will be given a $1.35 dividend. The ex-dividend date is Friday, August 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.5%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

Norfolk Southern News Summary

Here are the key news stories impacting Norfolk Southern this week:

• Positive Sentiment: Norfolk Southern beat Q2 expectations, posting $3.52 in EPS and revenue above estimates, with revenue up 12.5% year over year and record quarterly sales. Reuters article
• Positive Sentiment: Wells Fargo raised its price target to $385 and reiterated an overweight rating, signaling confidence that the stock still has room to run. Benzinga article
• Positive Sentiment: Citigroup lifted its target to $376, reflecting a more constructive view after the earnings release, even though it kept a neutral rating. Benzinga article
• Neutral Sentiment: JPMorgan raised its target to $338 but maintained a neutral rating, suggesting valuation looks less compelling after the recent move higher. Benzinga article
• Neutral Sentiment: Some commentary noted lower profitability and margin pressure despite the revenue beat, which may temper enthusiasm if cost pressures persist. Seeking Alpha article
• Negative Sentiment: Profitability was held back by higher fuel costs and lower efficiency, showing that cost inflation remains a headwind even as demand improves. TipRanks article

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen upped their price objective on shares of Norfolk Southern from $337.00 to $376.00 and gave the stock a “buy” rating in a research report on Friday. Stephens raised shares of Norfolk Southern to a “hold” rating in a report on Wednesday, July 8th. Barclays boosted their price target on shares of Norfolk Southern from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets raised their price objective on shares of Norfolk Southern from $305.00 to $310.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $344.35.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.