Klingman & Associates LLC Has $467,000 Stake in Norfolk Southern Corporation $NSC

Klingman & Associates LLC boosted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 73.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,826 shares of the railroad operator’s stock after purchasing an additional 771 shares during the period. Klingman & Associates LLC’s holdings in Norfolk Southern were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Norfolk Southern in the first quarter worth about $27,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern in the first quarter worth about $41,000. Golden State Wealth Management LLC lifted its holdings in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after acquiring an additional 159 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

NSC has been the subject of a number of research reports. Barclays raised their price objective on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. TD Cowen upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and raised their price objective for the company from $263.00 to $323.00 in a report on Monday, July 21st. Sanford C. Bernstein raised their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Bank of America raised their price objective on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Robert W. Baird raised their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Stock Down 0.5%

Norfolk Southern stock opened at $289.83 on Wednesday. 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 firm has a 50 day moving average price of $285.63 and a two-hundred day moving average price of $260.97. The firm has a market cap of $65.10 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.62 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last released 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 firm 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. Equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

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.