GAMMA Investing LLC Purchases 1,064 Shares of Norfolk Southern Corporation $NSC

GAMMA Investing LLC lifted its holdings in Norfolk Southern Corporation (NYSE:NSC) by 25.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,243 shares of the railroad operator’s stock after buying an additional 1,064 shares during the period. GAMMA Investing LLC’s holdings in Norfolk Southern were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new position in shares of Norfolk Southern during the 1st quarter worth $27,000. Putney Financial Group LLC purchased a new position in Norfolk Southern during the fourth quarter valued at $30,000. HWG Holdings LP purchased a new stake in Norfolk Southern in the first quarter worth about $35,000. Physician Wealth Advisors Inc. raised its stake in shares of Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after buying an additional 84 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern in the first quarter worth about $41,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

NYSE NSC opened at $290.60 on Tuesday. The business’s 50 day moving average price is $278.46 and its 200-day moving average price is $252.08. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $294.78. The company has a market cap of $65.27 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.52 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.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping 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 company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein increased their target price on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Benchmark cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Loop Capital lifted 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. Royal Bank Of Canada lowered Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird boosted their price objective on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $286.25.

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.