Wilmington Savings Fund Society FSB Sells 1,903 Shares of Norfolk Southern Corporation $NSC

Wilmington Savings Fund Society FSB cut its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,186 shares of the railroad operator’s stock after selling 1,903 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Norfolk Southern were worth $13,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Norfolk Southern during the first quarter valued at approximately $27,000. HWG Holdings LP bought a new stake in Norfolk Southern during the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. lifted its position in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after purchasing an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Norfolk Southern during the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC lifted its position 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 purchasing an additional 159 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Up 0.5%

Shares of NYSE NSC opened at $289.87 on Tuesday. 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 52 week low of $201.63 and a 52 week high of $302.24. The firm’s fifty day moving average is $284.45 and its 200 day moving average is $258.63. The company has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.59 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s payout ratio is presently 36.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NSC shares. Citigroup lifted their target price on shares of Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $293.80.

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.