Klingman & Associates LLC Buys 771 Shares of Norfolk Southern Corporation $NSC

Klingman & Associates LLC raised its stake in Norfolk Southern Corporation (NYSE:NSC) by 73.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,826 shares of the railroad operator’s stock after buying an additional 771 shares during the quarter. Klingman & Associates LLC’s holdings in Norfolk Southern were worth $467,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its stake in Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in shares of Norfolk Southern in the second quarter worth $597,000. GC Wealth Management RIA LLC lifted its position in shares of Norfolk Southern by 52.5% in the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock worth $1,137,000 after purchasing an additional 1,528 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Norfolk Southern by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock worth $19,468,000 after purchasing an additional 3,367 shares in the last quarter. Finally, Pure Financial Advisors LLC bought a new stake in shares of Norfolk Southern in the second quarter worth $235,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NYSE:NSC opened at $289.83 on Wednesday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The company has a market cap of $65.10 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.62 and a beta of 1.33. The firm’s fifty day moving average price is $285.63 and its two-hundred day moving average price is $260.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS 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 firm 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 analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Evercore ISI upped their price target on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and upped their price target for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Baird R W raised shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $293.80.

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.