U.S. Capital Wealth Advisors LLC Increases Stock Position in Norfolk Southern Corporation $NSC

U.S. Capital Wealth Advisors LLC grew its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 7.3% during the second quarter, HoldingsChannel.com reports. The fund owned 2,005 shares of the railroad operator’s stock after buying an additional 137 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Norfolk Southern were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC boosted its holdings in shares of Norfolk Southern by 1.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock valued at $622,000 after acquiring an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after buying an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in shares of Norfolk Southern by 4.9% in the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after buying an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Norfolk Southern by 1.8% in the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after buying an additional 45 shares during the last quarter. Finally, Certified Advisory Corp boosted its holdings in shares of Norfolk Southern by 1.0% in the first quarter. Certified Advisory Corp now owns 4,644 shares of the railroad operator’s stock worth $1,100,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price objective on shares of Norfolk Southern in a report on Friday, July 25th. 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. Baird R W raised shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Loop Capital raised their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a report on Tuesday, September 16th. Finally, Susquehanna raised their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $288.00.

Norfolk Southern Price Performance

NYSE NSC opened at $294.49 on Friday. The stock has a market cap of $66.15 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.60 and a beta of 1.29. 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 $296.38. The company’s 50 day moving average is $280.26 and its two-hundred day moving average is $253.02.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The firm 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. As a group, research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were given a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.49%.

About Norfolk Southern

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.