Camelot Portfolios LLC Takes $205,000 Position in Norfolk Southern Corporation $NSC

Camelot Portfolios LLC purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 800 shares of the railroad operator’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised 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 valued at $4,813,114,000 after purchasing an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Norfolk Southern by 31.5% in 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 buying an additional 2,710,930 shares during the last quarter. Boston Partners grew its stake in Norfolk Southern by 3.4% in the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock valued at $983,161,000 after buying an additional 138,678 shares during the last quarter. EdgePoint Investment Group Inc. grew its stake in Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after buying an additional 29,753 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Norfolk Southern by 6.4% in the 1st quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock valued at $740,891,000 after buying an additional 189,076 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $297.61 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The firm’s 50-day simple moving average is $280.68 and its 200-day simple moving average is $253.81. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $298.42. The firm has a market cap of $66.85 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last issued 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. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. 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. As a group, research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently announced 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. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s payout ratio is 36.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research note on Tuesday, July 1st. Susquehanna raised their target price on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday. Loop Capital raised their target price on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a research note on Tuesday, September 16th. Bank of America raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $288.00 price target (up from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $288.45.

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.