Radnor Capital Management LLC Sells 51 Shares of Norfolk Southern Corporation $NSC

Radnor Capital Management LLC lowered its stake in Norfolk Southern Corporation (NYSE:NSC) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,165 shares of the railroad operator’s stock after selling 51 shares during the quarter. Radnor Capital Management LLC’s holdings in Norfolk Southern were worth $1,322,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 159 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Norfolk Southern by 1.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock valued at $846,000 after buying an additional 65 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Norfolk Southern by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after buying an additional 2,782 shares during the period. GAMMA Investing LLC lifted its position in Norfolk Southern by 8.3% during the first quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock valued at $990,000 after buying an additional 321 shares during the period. Finally, Focus Partners Wealth lifted its position in Norfolk Southern by 2.8% during the first quarter. Focus Partners Wealth now owns 115,417 shares of the railroad operator’s stock valued at $27,337,000 after buying an additional 3,163 shares during the period. Institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

NSC has been the subject of several recent research reports. Benchmark lowered Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. UBS Group raised their price objective on Norfolk Southern from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, May 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $288.00 price objective (up previously from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Evercore ISI reissued an “in-line” rating and set a $289.00 price objective (up previously from $279.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $285.15.

Norfolk Southern Trading Up 0.3%

NSC stock opened at $278.05 on Wednesday. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $291.69. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The company has a market capitalization of $62.46 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.46 and a beta of 1.29. The business has a 50 day simple moving average of $276.81 and a two-hundred day simple moving average of $250.82.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results 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 the consensus estimate 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. Research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 1st. 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.