Norfolk Southern Corporation $NSC Position Increased by Credit Agricole S A

Credit Agricole S A raised its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 16.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 69,617 shares of the railroad operator’s stock after purchasing an additional 9,922 shares during the quarter. Credit Agricole S A’s holdings in Norfolk Southern were worth $16,489,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Norfolk Southern by 1.2% during the first quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock worth $4,813,114,000 after buying an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Norfolk Southern by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator’s stock worth $2,020,318,000 after buying an additional 918,559 shares in the last quarter. Boston Partners boosted its holdings 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 buying an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Norfolk Southern by 1.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 3,968,582 shares of the railroad operator’s stock worth $931,426,000 after buying an additional 75,865 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Norfolk Southern by 6.4% during the first quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock worth $740,891,000 after buying an additional 189,076 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSC. Bank of America raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Barclays upped their price target on shares of Norfolk Southern from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $288.00 price target (up previously from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $285.15.

Norfolk Southern Stock Up 0.1%

NSC stock opened at $285.7490 on Thursday. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $288.64. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The company has a market cap of $64.18 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.53 and a beta of 1.31. The company has a 50 day moving average of $268.76 and a two-hundred day moving average of $247.31.

Norfolk Southern (NYSE:NSC) last released its 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 net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid 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 1.9%. Norfolk Southern’s dividend payout ratio is 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.