First Pacific Financial Buys 208 Shares of Norfolk Southern Corporation $NSC

First Pacific Financial boosted its stake in Norfolk Southern Corporation (NYSE:NSC) by 452.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254 shares of the railroad operator’s stock after purchasing an additional 208 shares during the period. First Pacific Financial’s holdings in Norfolk Southern were worth $65,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NSC. Brighton Jones LLC boosted its stake in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after acquiring an additional 79 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Norfolk Southern by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 23,882 shares of the railroad operator’s stock worth $5,605,000 after acquiring an additional 820 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Norfolk Southern by 115,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,155 shares of the railroad operator’s stock worth $273,000 after acquiring an additional 1,154 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Norfolk Southern by 7.0% during the 1st quarter. Merit Financial Group LLC now owns 9,614 shares of the railroad operator’s stock worth $2,277,000 after acquiring an additional 632 shares during the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Norfolk Southern by 7.0% during the 1st quarter. RFG Advisory LLC now owns 1,157 shares of the railroad operator’s stock worth $274,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NSC shares. Loop Capital lifted their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research note on Tuesday, September 16th. Sanford C. Bernstein lifted their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Robert W. Baird lifted their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup lifted their price target on shares of Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their target price on shares of Norfolk Southern from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Norfolk Southern presently has a consensus rating of “Hold” and an average target price of $288.45.

Norfolk Southern Stock Down 0.6%

NSC opened at $298.60 on Thursday. 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 fifty-two week low of $201.63 and a fifty-two week high of $300.91. The firm’s fifty day moving average is $281.89 and its 200 day moving average is $254.90. The stock has a market cap of $67.07 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

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

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.