835 Shares in Norfolk Southern Corporation $NSC Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI purchased a new position in Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 835 shares of the railroad operator’s stock, valued at approximately $214,000.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division increased its position in Norfolk Southern by 20.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 17,245 shares of the railroad operator’s stock valued at $4,414,000 after acquiring an additional 2,916 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Norfolk Southern in the 1st quarter valued at approximately $2,167,000. Swedbank AB increased its position in Norfolk Southern by 0.6% in the 1st quarter. Swedbank AB now owns 125,592 shares of the railroad operator’s stock valued at $29,746,000 after acquiring an additional 710 shares during the period. Howe & Rusling Inc. increased its position in Norfolk Southern by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 21,178 shares of the railroad operator’s stock valued at $5,016,000 after acquiring an additional 631 shares during the period. Finally, Maple Capital Management Inc. acquired a new stake in Norfolk Southern in the 1st quarter valued at approximately $278,000. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NSC. Robert W. Baird raised their target price on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. UBS Group raised their target price on Norfolk Southern from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Barclays raised their target price on Norfolk Southern from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada cut Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Baird R W upgraded Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $285.15.

Norfolk Southern Stock Up 0.3%

Shares of NSC stock opened at $274.90 on Friday. The stock has a market cap of $61.75 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.29. 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 business’s fifty day moving average is $276.13 and its 200-day moving average is $250.29. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $291.69.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. 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 fiscal 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 paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. Norfolk Southern’s dividend payout ratio (DPR) is currently 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.