MBB Public Markets I LLC Takes Position in Norfolk Southern Corporation $NSC

MBB Public Markets I LLC purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 1,350 shares of the railroad operator’s stock, valued at approximately $320,000.

A number of other large investors also recently modified their holdings of the business. Golden State Wealth Management LLC boosted its stake in Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Norfolk Southern by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after purchasing an additional 65 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Norfolk Southern by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after purchasing an additional 2,782 shares during the period. GAMMA Investing LLC boosted its position in Norfolk Southern by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock worth $990,000 after acquiring an additional 321 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Norfolk Southern during the 1st quarter worth about $1,042,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Down 0.8%

Shares of Norfolk Southern stock opened at $273.48 on Wednesday. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $291.69. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average price of $275.45 and a two-hundred day moving average price of $249.72. The stock has a market capitalization of $61.43 billion, a P/E ratio of 18.48, a PEG ratio of 2.44 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate 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. Equities analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s payout ratio is currently 36.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NSC. Jefferies Financial Group restated a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a research report on Friday, July 25th. Susquehanna restated a “neutral” rating and set a $260.00 price objective (up from $250.00) on shares of Norfolk Southern in a research report on Tuesday, June 24th. Evercore ISI restated an “in-line” rating and set a $289.00 price objective (up from $279.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Bank of America raised their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Baird R W upgraded Norfolk Southern to a “hold” rating in a research 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. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and a consensus target price of $285.15.

About Norfolk Southern

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.