Praxis Investment Management Inc. Sells 210 Shares of Norfolk Southern Corporation $NSC

Praxis Investment Management Inc. lowered its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,330 shares of the railroad operator’s stock after selling 210 shares during the period. Praxis Investment Management Inc.’s holdings in Norfolk Southern were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Norfolk Southern during the first quarter worth about $27,000. HWG Holdings LP bought a new stake in Norfolk Southern during the first quarter worth about $35,000. Physician Wealth Advisors Inc. boosted its stake in Norfolk Southern by 129.2% during 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 in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern in the first quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of 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 buying an additional 159 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the topic of several analyst reports. TD Cowen upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and upped their target price for the stock from $263.00 to $323.00 in a research note on Monday, July 21st. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research note on Tuesday, July 1st. Barclays upped 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. Robert W. Baird upped their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Stock Up 0.5%

Shares of Norfolk Southern stock opened at $289.86 on Friday. The company has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The company’s 50 day moving average is $285.14 and its 200 day moving average is $259.78. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. 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 data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate 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. Research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given 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 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.