Childress Capital Advisors LLC Has $289,000 Stock Position in Norfolk Southern Corporation $NSC

Childress Capital Advisors LLC raised its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 29.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,129 shares of the railroad operator’s stock after purchasing an additional 260 shares during the quarter. Childress Capital Advisors LLC’s holdings in Norfolk Southern were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of NSC. Brighton Jones LLC raised its position 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 acquiring an additional 79 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Norfolk Southern by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 23,882 shares of the railroad operator’s stock valued at $5,605,000 after acquiring an additional 820 shares during the last quarter. NBC Securities Inc. raised its position in shares of Norfolk Southern by 115,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,155 shares of the railroad operator’s stock valued at $273,000 after acquiring an additional 1,154 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Norfolk Southern by 7.0% during the 1st quarter. Merit Financial Group LLC now owns 9,614 shares of the railroad operator’s stock valued at $2,277,000 after acquiring an additional 632 shares during the last quarter. Finally, RFG Advisory LLC raised its position in shares of Norfolk Southern by 7.0% during the 1st quarter. RFG Advisory LLC now owns 1,157 shares of the railroad operator’s stock valued at $274,000 after acquiring an additional 76 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 0.6%

NYSE:NSC opened at $298.60 on Thursday. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $300.91. The firm has a 50-day moving average price of $281.89 and a two-hundred day moving average price of $254.90. The firm has a market cap of $67.07 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.66 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.

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

Norfolk Southern Dividend Announcement

The firm 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. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NSC shares. Royal Bank Of Canada cut Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Robert W. Baird raised their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Bank of America raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $288.45.

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.