Norfolk Southern Corporation $NSC is M. Kraus & Co’s 7th Largest Position

M. Kraus & Co lessened its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,628 shares of the railroad operator’s stock after selling 353 shares during the quarter. Norfolk Southern comprises about 3.3% of M. Kraus & Co’s holdings, making the stock its 7th biggest holding. M. Kraus & Co’s holdings in Norfolk Southern were worth $11,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $27,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $35,000. Physician Wealth Advisors Inc. lifted its position in shares of Norfolk Southern by 129.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after buying an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.7%

Shares of NSC stock opened at $294.68 on Friday. The firm has a market cap of $66.19 billion, a P/E ratio of 19.91, a PEG ratio of 2.66 and a beta of 1.33. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The firm’s 50-day simple moving average is $283.93 and its 200-day simple moving average is $257.53.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Norfolk Southern Corporation will post 13 EPS 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 issued 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 dividend payout ratio (DPR) is presently 36.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NSC shares. Robert W. Baird lifted their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price target on shares of Norfolk Southern in a research note on Friday, July 25th. TD Cowen upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Loop Capital upped their target price on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Finally, Benchmark lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $293.25.

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.