Journey Advisory Group LLC Acquires 200 Shares of Norfolk Southern Corporation $NSC

Journey Advisory Group LLC grew its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,644 shares of the railroad operator’s stock after buying an additional 200 shares during the quarter. Journey Advisory Group LLC’s holdings in Norfolk Southern were worth $1,445,000 at the end of the most recent reporting period.

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

Norfolk Southern Stock Performance

Shares of NSC opened at $290.91 on Tuesday. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The stock has a fifty day moving average price of $285.39 and a 200-day moving average price of $260.77. 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 firm has a market cap of $65.34 billion, a PE ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33.

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. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen raised Norfolk Southern from a “hold” rating to a “buy” rating and increased their price objective for the stock from $263.00 to $323.00 in a research note on Monday, July 21st. Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Bank of America increased their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Robert W. Baird increased their target price on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Citigroup increased their target price on Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.