Members Trust Co Has $747,000 Position in Norfolk Southern Corporation $NSC

Members Trust Co raised its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 13.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,918 shares of the railroad operator’s stock after purchasing an additional 347 shares during the quarter. Members Trust Co’s holdings in Norfolk Southern were worth $747,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after purchasing an additional 79 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Norfolk Southern by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock valued at $990,000 after purchasing an additional 321 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Norfolk Southern by 8.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,133 shares of the railroad operator’s stock valued at $9,742,000 after purchasing an additional 3,348 shares in the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of Norfolk Southern by 11.2% during the 1st quarter. Duncker Streett & Co. Inc. now owns 495 shares of the railroad operator’s stock valued at $117,000 after purchasing an additional 50 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in shares of Norfolk Southern by 2.0% during the 1st quarter. XML Financial LLC now owns 2,992 shares of the railroad operator’s stock valued at $709,000 after purchasing an additional 59 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSC has been the topic of several recent analyst reports. Loop Capital lifted their price objective on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Bank of America lifted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and boosted their target price for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Finally, Evercore ISI boosted their target price on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $293.80.

Norfolk Southern Trading Down 0.5%

NYSE NSC opened at $289.83 on Wednesday. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24. The stock has a market capitalization of $65.10 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.62 and a beta of 1.33. 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 stock’s 50 day moving average price is $285.63 and its two-hundred day moving average price is $260.97.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal 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.