PDS Planning Inc Has $279,000 Stake in Norfolk Southern Corporation $NSC

PDS Planning Inc boosted its position in Norfolk Southern Corporation (NYSE:NSC) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,091 shares of the railroad operator’s stock after purchasing an additional 78 shares during the period. PDS Planning Inc’s holdings in Norfolk Southern were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC lifted its position in shares of Norfolk Southern by 1.7% during the second quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock valued at $622,000 after purchasing an additional 40 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after purchasing an additional 43 shares during the period. Canandaigua National Trust Co of Florida boosted its holdings in shares of Norfolk Southern by 4.9% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after buying an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in Norfolk Southern by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock valued at $605,000 after buying an additional 45 shares during the period. Finally, LexAurum Advisors LLC increased its holdings in Norfolk Southern by 3.3% during the second quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock worth $372,000 after buying an additional 46 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $288.34 on Monday. The firm has a market capitalization of $64.77 billion, a P/E ratio of 19.48, a PEG ratio of 2.59 and a beta of 1.33. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. 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 business has a fifty day moving average price of $284.20 and a 200-day moving average price of $258.21.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors 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 yield of 1.9%. Norfolk Southern’s payout ratio is currently 36.49%.

Analyst Upgrades and Downgrades

NSC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a research note on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target on shares of Norfolk Southern in a report on Friday, July 25th. Robert W. Baird increased their price objective on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Barclays raised their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $293.25.

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.