Community Bank N.A. Has $1.58 Million Stock Position in Norfolk Southern Corporation $NSC

Community Bank N.A. lowered its stake in Norfolk Southern Corporation (NYSE:NSC) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,155 shares of the railroad operator’s stock after selling 200 shares during the quarter. Community Bank N.A.’s holdings in Norfolk Southern were worth $1,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NSC. WPG Advisers LLC bought a new position in Norfolk Southern during the first quarter worth about $27,000. HWG Holdings LP bought a new position in Norfolk Southern during the first quarter worth about $35,000. Physician Wealth Advisors Inc. grew its holdings in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 84 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in shares of Norfolk Southern during the first quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NSC. TD Cowen upgraded Norfolk Southern from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $263.00 to $323.00 in a report on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Sanford C. Bernstein boosted their price objective on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Robert W. Baird boosted their price objective on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Bank of America boosted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Eight investment 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.com, the company has a consensus rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Trading Up 0.5%

Shares of NSC stock opened at $289.87 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a market cap of $65.11 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The stock has a 50 day simple moving average of $284.45 and a 200 day simple moving average of $258.63. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $302.24.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion during 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. On average, research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given 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 payout ratio is currently 36.49%.

Norfolk Southern Company 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.