Capital Advisors Ltd. LLC Cuts Position in Norfolk Southern Corporation $NSC

Capital Advisors Ltd. LLC lessened its holdings in Norfolk Southern Corporation (NYSE:NSC) by 46.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 307 shares of the railroad operator’s stock after selling 271 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Norfolk Southern were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSC. WPG Advisers LLC purchased a new position in Norfolk Southern in the first quarter valued at approximately $27,000. HWG Holdings LP purchased a new position in Norfolk Southern in the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. lifted its stake in Norfolk Southern by 129.2% in the first 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 during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Norfolk Southern in the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC lifted its stake in Norfolk Southern by 883.3% in the first 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 during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.7%

Shares of NSC stock opened at $294.68 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The company has a market capitalization of $66.19 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. The business’s fifty day moving average is $283.93 and its 200 day moving average is $257.53.

Norfolk Southern (NYSE:NSC) last issued 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 the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price objective on shares of Norfolk Southern in a research note on Friday, July 25th. Evercore ISI upped their price objective on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and upped their price objective for the company from $263.00 to $323.00 in a research note on Monday, July 21st. Barclays increased their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Bank of America increased their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and an average price target of $293.25.

Norfolk Southern Company 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.