Norfolk Southern Corporation $NSC Stake Boosted by Shayne & Jacobs LLC

Shayne & Jacobs LLC grew its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the railroad operator’s stock after purchasing an additional 219 shares during the quarter. Shayne & Jacobs LLC’s holdings in Norfolk Southern were worth $908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of 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 during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after buying an additional 2,710,930 shares during the period. Boston Partners boosted its position in shares of 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 during the period. EdgePoint Investment Group Inc. boosted its position in shares of Norfolk Southern by 0.7% during the first quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock worth $947,006,000 after buying an additional 29,753 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of 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 during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $288.34 on Friday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The stock has a fifty day moving average of $284.20 and a 200-day moving average of $257.90. The company has a market capitalization of $64.77 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. 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 announced its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.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. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America upped their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Citigroup upped their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $293.25.

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.