Norfolk Southern Corporation $NSC Shares Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC grew its position in Norfolk Southern Corporation (NYSE:NSC) by 6.3% in the second quarter, HoldingsChannel reports. The fund owned 5,526 shares of the railroad operator’s stock after acquiring an additional 326 shares during the quarter. VCI Wealth Management LLC’s holdings in Norfolk Southern were worth $1,414,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Norfolk Southern in the first quarter worth about $27,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the first quarter worth about $35,000. Physician Wealth Advisors Inc. raised its position in shares of Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern during the first quarter worth about $41,000. Finally, Golden State Wealth Management LLC increased its stake 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 purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.4%

Shares of NYSE NSC opened at $290.91 on Tuesday. The company has a 50-day moving average of $285.39 and a 200 day moving average of $260.77. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. 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 $65.34 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 posted its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NSC. Royal Bank Of Canada cut shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Citigroup boosted their target price on shares of Norfolk Southern from $305.00 to $316.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Barclays boosted their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and boosted their target price for the stock from $263.00 to $323.00 in a research note on Monday, July 21st. Finally, Bank of America boosted their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern 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.