RFG Advisory LLC Has $285,000 Stock Holdings in Norfolk Southern Corporation $NSC

RFG Advisory LLC reduced its position in Norfolk Southern Corporation (NYSE:NSC) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,113 shares of the railroad operator’s stock after selling 44 shares during the period. RFG Advisory LLC’s holdings in Norfolk Southern were worth $285,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Jag Capital Management LLC boosted its stake in shares of Norfolk Southern by 40.0% during the 2nd quarter. Jag Capital Management LLC now owns 1,260 shares of the railroad operator’s stock worth $322,000 after acquiring an additional 360 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Norfolk Southern by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock worth $19,468,000 after acquiring an additional 3,367 shares during the last quarter. Bill Few Associates Inc. increased its holdings in shares of Norfolk Southern by 8.8% during the 2nd quarter. Bill Few Associates Inc. now owns 1,333 shares of the railroad operator’s stock worth $341,000 after acquiring an additional 108 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Norfolk Southern by 12.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,406 shares of the railroad operator’s stock worth $361,000 after acquiring an additional 152 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Norfolk Southern during the 2nd quarter worth approximately $872,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Baird R W raised Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Sanford C. Bernstein boosted their target price on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Royal Bank Of Canada lowered Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a report on Friday, July 25th. Finally, Barclays boosted their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Norfolk Southern has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $289.86 on Monday. 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 stock’s fifty day moving average price is $285.14 and its two-hundred day moving average price is $260.20. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The firm has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33.

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

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.