Mitchell Mcleod Pugh & Williams Inc. Acquires 222 Shares of Norfolk Southern Corporation $NSC

Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Norfolk Southern Corporation (NYSE:NSC) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,309 shares of the railroad operator’s stock after purchasing an additional 222 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Norfolk Southern were worth $847,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in Norfolk Southern in the 1st quarter valued at about $27,000. HWG Holdings LP bought a new stake in Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. boosted its holdings in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after purchasing an additional 84 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Norfolk Southern in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Norfolk Southern by 883.3% during the 1st 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 own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $290.25 on Wednesday. The company has a market cap of $65.20 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.60 and a beta of 1.33. 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 firm has a 50 day simple moving average of $284.66 and a 200 day simple moving average of $258.85. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 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 the consensus estimate of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.9%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and upped their price target for the stock from $263.00 to $323.00 in a report on Monday, July 21st. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Susquehanna upped their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, Evercore ISI upped their price target on shares of Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $293.80.

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.