Harold Davidson & Associates Inc. Sells 572 Shares of Norfolk Southern Corporation $NSC

Harold Davidson & Associates Inc. reduced its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,743 shares of the railroad operator’s stock after selling 572 shares during the quarter. Norfolk Southern accounts for approximately 0.9% of Harold Davidson & Associates Inc.’s investment portfolio, making the stock its 28th biggest holding. Harold Davidson & Associates Inc.’s holdings in Norfolk Southern were worth $1,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSC. WPG Advisers LLC bought a new stake in Norfolk Southern during the first quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in Norfolk Southern during the fourth quarter worth $28,000. Putney Financial Group LLC bought a new stake in Norfolk Southern during the fourth quarter worth $30,000. HWG Holdings LP bought a new stake in Norfolk Southern during the first quarter worth $35,000. Finally, Physician Wealth Advisors Inc. raised 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 worth $35,000 after acquiring an additional 84 shares in the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Up 0.5%

NSC stock opened at $273.81 on Friday. 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 company’s 50-day simple moving average is $275.88 and its 200 day simple moving average is $250.09. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $291.69. The company has a market capitalization of $61.50 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last released 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 business 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. As a group, sell-side analysts anticipate 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. Investors 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 dividend yield of 2.0%. Norfolk Southern’s dividend payout ratio is 36.49%.

Analyst Upgrades and Downgrades

NSC has been the topic of several analyst reports. Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Robert W. Baird increased their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Sanford C. Bernstein increased their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Baird R W raised shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently 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.