MBL Wealth LLC Lowers Stake in Norfolk Southern Corporation $NSC

MBL Wealth LLC lowered its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,675 shares of the railroad operator’s stock after selling 189 shares during the period. MBL Wealth LLC’s holdings in Norfolk Southern were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Norfolk Southern by 1.2% during the first quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock worth $4,813,114,000 after purchasing an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares in the last quarter. Boston Partners increased its position in shares of Norfolk Southern by 3.4% during the first quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock worth $983,161,000 after purchasing an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Norfolk Southern by 0.7% during the first quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock worth $947,006,000 after purchasing an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Norfolk Southern by 6.4% during the first quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock worth $740,891,000 after purchasing an additional 189,076 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NYSE:NSC opened at $300.02 on Friday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market cap of $67.39 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.66 and a beta of 1.33. The firm’s fifty day moving average is $282.63 and its two-hundred day moving average is $255.94.

Norfolk Southern (NYSE:NSC) last posted 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 net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NSC shares. Evercore ISI upped their price target on Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Baird R W raised Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Citigroup upped their target price on Norfolk Southern from $288.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Susquehanna upped their target price on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Eight analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and an average target price of $292.50.

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.