Norfolk Southern Corporation $NSC Stake Cut by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. trimmed its stake in Norfolk Southern Corporation (NYSE:NSC) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,244 shares of the railroad operator’s stock after selling 38 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Norfolk Southern were worth $574,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in 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 during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Norfolk Southern by 1.9% in 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 last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Norfolk Southern by 4.1% in 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 last quarter. GC Wealth Management RIA LLC lifted its stake in 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 valued at $1,137,000 after buying an additional 1,528 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Norfolk Southern in the second quarter valued at $321,393,000. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada lowered Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Benchmark lowered Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Barclays raised their price target on Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. Susquehanna raised their price target on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $300.00 price target on shares of Norfolk Southern in a report on Friday, July 25th. 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 company has an average rating of “Hold” and a consensus price target of $292.50.

Norfolk Southern Trading Down 0.1%

Shares of NSC opened at $298.36 on Friday. The business’s 50-day moving average price is $282.29 and its 200 day moving average price is $255.34. The stock has a market capitalization of $67.02 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.65 and a beta of 1.33. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $301.47. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations 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. Analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

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.