Roberts Wealth Advisors LLC Sells 400 Shares of Norfolk Southern Corporation $NSC

Roberts Wealth Advisors LLC decreased its holdings in Norfolk Southern Corporation (NYSE:NSC) by 13.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,500 shares of the railroad operator’s stock after selling 400 shares during the period. Roberts Wealth Advisors LLC’s holdings in Norfolk Southern were worth $640,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Norfolk Southern by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock worth $4,813,114,000 after acquiring an additional 232,195 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Norfolk Southern by 31.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after purchasing an additional 2,710,930 shares during the last quarter. Boston Partners boosted its position in Norfolk Southern by 3.4% during the first quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock worth $983,161,000 after purchasing an additional 138,678 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of Norfolk Southern by 0.7% in the first quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after purchasing an additional 29,753 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Norfolk Southern by 6.4% in the first quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock valued at $740,891,000 after purchasing an additional 189,076 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on NSC shares. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Bank of America raised their price objective 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. Susquehanna upped their target price on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Citigroup increased their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $288.00 price target (up from $282.00) on shares of Norfolk Southern 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 stock. Based on data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and a consensus price target of $292.50.

Norfolk Southern Stock Down 0.1%

Shares of NSC opened at $299.98 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The firm’s 50 day moving average is $282.90 and its 200-day moving average is $256.57. The stock has a market capitalization of $67.38 billion, a PE ratio of 20.27, a P/E/G ratio of 2.69 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $1.35 dividend. The ex-dividend date 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 (DPR) is presently 36.49%.

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.