Oak Hill Wealth Advisors LLC Has $1.37 Million Stake in Norfolk Southern Corporation $NSC

Oak Hill Wealth Advisors LLC grew its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,260 shares of the railroad operator’s stock after buying an additional 900 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Norfolk Southern were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in NSC. Price T Rowe Associates Inc. MD boosted its position in Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Norfolk Southern in the second quarter valued at approximately $321,393,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Norfolk Southern by 341.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 789,950 shares of the railroad operator’s stock valued at $187,100,000 after acquiring an additional 611,198 shares during the period. Nuveen LLC bought a new stake in shares of Norfolk Southern in the first quarter valued at approximately $122,256,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of Norfolk Southern in the first quarter valued at $110,209,000. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on NSC shares. Susquehanna upped their target price on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Benchmark lowered Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Loop Capital increased their price objective on Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Norfolk Southern in a report on Saturday, September 27th. Finally, Citigroup lifted their price target on Norfolk Southern from $288.00 to $305.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $292.50.

Norfolk Southern Trading Up 0.6%

NYSE NSC opened at $300.02 on Friday. The firm has a market cap of $67.39 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.64 and a beta of 1.33. 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 stock’s 50-day moving average is $282.63 and its 200-day moving average is $255.79. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24.

Norfolk Southern (NYSE:NSC) last announced 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. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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