Norfolk Southern Corporation $NSC Position Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its position in Norfolk Southern Corporation (NYSE:NSC) by 0.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 165,608 shares of the railroad operator’s stock after buying an additional 529 shares during the quarter. New York State Teachers Retirement System’s holdings in Norfolk Southern were worth $42,391,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NSC. WPG Advisers LLC bought a new stake in shares of Norfolk Southern in the 1st quarter valued at approximately $27,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern in the 1st quarter valued at approximately $35,000. Physician Wealth Advisors Inc. grew its stake in shares of 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 buying an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Norfolk Southern in the 1st quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Bank of America boosted their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. 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. Finally, Baird R W upgraded Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and an average price target of $293.80.

Norfolk Southern Stock Down 0.4%

Shares of NSC stock opened at $288.46 on Friday. 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 $64.79 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The stock has a 50 day moving average of $284.94 and a 200-day moving average of $259.41. 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. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The company 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. On average, equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s payout ratio is 36.49%.

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.