Arlington Trust Co LLC Trims Stock Holdings in Norfolk Southern Corporation $NSC

Arlington Trust Co LLC trimmed its position in Norfolk Southern Corporation (NYSE:NSC) by 40.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,200 shares of the railroad operator’s stock after selling 827 shares during the period. Arlington Trust Co LLC’s holdings in Norfolk Southern were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Norfolk Southern in the first quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Norfolk Southern in the fourth quarter worth $28,000. Putney Financial Group LLC purchased a new stake in Norfolk Southern in the fourth quarter worth $30,000. HWG Holdings LP purchased a new stake in Norfolk Southern in the first quarter worth $35,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in 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 in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Up 0.3%

Norfolk Southern stock opened at $274.90 on Monday. The stock has a market cap of $61.75 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.29. 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 one year low of $201.63 and a one year high of $291.69. The stock has a fifty day moving average of $276.13 and a 200 day moving average of $250.41.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business 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. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Analysts Set New Price Targets

Several research firms have commented on NSC. Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. UBS Group boosted their target price on Norfolk Southern from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, May 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $288.00 target price (up from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Evercore ISI reaffirmed an “in-line” rating and set a $289.00 price target (up from $279.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Finally, Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and an average price target of $285.15.

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.