Norfolk Southern Corporation $NSC Shares Sold by Eliot Finkel Investment Counsel LLC

Eliot Finkel Investment Counsel LLC decreased its position in Norfolk Southern Corporation (NYSE:NSC) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,510 shares of the railroad operator’s stock after selling 500 shares during the period. Norfolk Southern makes up 5.4% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 3rd largest position. Eliot Finkel Investment Counsel LLC’s holdings in Norfolk Southern were worth $8,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NSC. Golden State Wealth Management LLC lifted its position in 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 in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Norfolk Southern by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after acquiring an additional 65 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Norfolk Southern by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after acquiring an additional 2,782 shares in the last quarter. GC Wealth Management RIA LLC lifted its position in 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 valued at $1,137,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Norfolk Southern in the 2nd quarter valued at $321,393,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.6%

Shares of NYSE:NSC opened at $300.02 on Friday. 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 company’s 50-day moving average price is $282.63 and its two-hundred day moving average price is $255.94. The stock has a market capitalization of $67.39 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on NSC. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and boosted their price objective for the company from $263.00 to $323.00 in a research report on Monday, July 21st. Sanford C. Bernstein boosted 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. Barclays boosted their price objective on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Bank of America boosted their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $292.50.

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.