Norfolk Southern Corporation $NSC Position Boosted by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 26.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,491 shares of the railroad operator’s stock after acquiring an additional 741 shares during the quarter. Calamos Wealth Management LLC’s holdings in Norfolk Southern were worth $894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NSC. Brighton Jones LLC grew its stake in Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 79 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Norfolk Southern by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator’s stock worth $990,000 after purchasing an additional 321 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Norfolk Southern by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock worth $16,925,000 after purchasing an additional 2,782 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in Norfolk Southern by 10.1% in the 1st quarter. CWA Asset Management Group LLC now owns 1,279 shares of the railroad operator’s stock worth $303,000 after purchasing an additional 117 shares during the last quarter. Finally, Aspire Private Capital LLC lifted its holdings in Norfolk Southern by 16.8% in the 1st quarter. Aspire Private Capital LLC now owns 1,473 shares of the railroad operator’s stock worth $349,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.5%

Shares of NSC stock opened at $289.86 on Monday. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The firm has a market cap of $65.11 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The stock has a 50 day moving average of $285.14 and a 200-day moving average of $260.20. The company has a quick ratio of 0.71, a current ratio of 0.79 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 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates 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, equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Barclays boosted their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a report on Friday, July 25th. Sanford C. Bernstein upped their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Susquehanna upped their price target on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $293.80.

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.