FLC Capital Advisors Purchases New Position in Norfolk Southern Corporation $NSC

FLC Capital Advisors purchased a new stake in Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 876 shares of the railroad operator’s stock, valued at approximately $224,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Norfolk Southern by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock valued at $4,813,114,000 after acquiring an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Norfolk Southern by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after acquiring an additional 2,710,930 shares in the last quarter. Boston Partners lifted its position in Norfolk Southern by 3.4% in the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock valued at $983,161,000 after acquiring an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after acquiring an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Norfolk Southern by 6.4% in the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock valued at $740,891,000 after acquiring an additional 189,076 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.4%

Shares of NSC stock opened at $290.91 on Tuesday. The company has a 50 day moving average of $285.39 and a 200-day moving average of $260.77. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The firm has a market cap of $65.34 billion, a P/E ratio of 19.66, a PEG ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (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 analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NSC. Robert W. Baird lifted their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group reissued a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a research report on Friday, July 25th. Royal Bank Of Canada cut shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and an average target price of $293.80.

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.