Focus Financial Network Inc. Buys 103 Shares of Norfolk Southern Corporation $NSC

Focus Financial Network Inc. grew its position in Norfolk Southern Corporation (NYSE:NSC) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,149 shares of the railroad operator’s stock after buying an additional 103 shares during the period. Focus Financial Network Inc.’s holdings in Norfolk Southern were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at $327,000. OLIO Financial Planning acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at $248,000. Lineweaver Wealth Advisors LLC grew its holdings in shares of Norfolk Southern by 12.3% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 5,735 shares of the railroad operator’s stock valued at $1,468,000 after buying an additional 628 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Norfolk Southern by 117.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 3,793 shares of the railroad operator’s stock valued at $971,000 after buying an additional 2,052 shares during the period. Finally, Burt Wealth Advisors acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSC. Robert W. Baird boosted their price target on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Loop Capital boosted their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Baird R W raised shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Evercore ISI reaffirmed an “in-line” rating and issued a $289.00 price objective (up from $279.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $260.00 price objective (up from $250.00) on shares of Norfolk Southern in a research report on Tuesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $286.25.

Norfolk Southern Stock Up 0.4%

Norfolk Southern stock opened at $283.94 on Friday. The firm has a market capitalization of $63.78 billion, a PE ratio of 19.19, a P/E/G ratio of 2.52 and a beta of 1.29. The company’s 50-day moving average is $277.90 and its 200-day moving average is $251.66. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $291.69. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently declared 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 was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s dividend 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.