Norfolk Southern Corporation $NSC Shares Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC increased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,301 shares of the railroad operator’s stock after buying an additional 385 shares during the period. 3Chopt Investment Partners LLC’s holdings in Norfolk Southern were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its position in Norfolk Southern by 883.3% during the 1st 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 period. Dynamic Advisor Solutions LLC lifted its stake in Norfolk Southern by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after buying an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after buying an additional 2,782 shares during the last quarter. GC Wealth Management RIA LLC increased its holdings in shares of Norfolk Southern by 52.5% in the 2nd quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock worth $1,137,000 after acquiring an additional 1,528 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Norfolk Southern in the 2nd quarter worth about $321,393,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Down 0.7%

NYSE:NSC opened at $294.68 on Friday. The firm has a market capitalization of $66.19 billion, a price-to-earnings 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 current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $283.93 and its 200 day moving average price is $257.53.

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 the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion for 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. On average, sell-side analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on NSC shares. Barclays boosted their price objective on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Robert W. Baird raised their price target on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $293.25.

Norfolk Southern 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.