792 Shares in Norfolk Southern Corporation $NSC Bought by Tanager Wealth Management LLP

Tanager Wealth Management LLP purchased a new stake in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 792 shares of the railroad operator’s stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of Norfolk Southern in the 1st quarter valued at about $27,000. HWG Holdings LP purchased a new position in shares of Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. increased its holdings in shares of Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after purchasing an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Norfolk Southern in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $298.60 on Thursday. The company has a market cap of $67.07 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $300.91. 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 company has a 50-day simple moving average of $281.89 and a 200-day simple moving average of $254.90.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate 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, equities analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

Wall Street Analyst Weigh In

NSC has been the subject of several recent research reports. Susquehanna raised their target price on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft set a $354.00 target price on shares of Norfolk Southern in a report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $288.00 target price (up from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Jefferies Financial Group restated a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a report on Friday, July 25th. Finally, Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and an average price target of $291.50.

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.