Sei Investments Co. Has $45.28 Million Stock Position in Norfolk Southern Corporation $NSC

Sei Investments Co. lowered its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,752 shares of the railroad operator’s stock after selling 6,981 shares during the quarter. Sei Investments Co.’s holdings in Norfolk Southern were worth $45,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Norfolk Southern during the 4th quarter worth about $1,084,701,000. Pentwater Capital Management LP bought a new stake in shares of Norfolk Southern in the third quarter valued at about $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Norfolk Southern by 545.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock worth $392,396,000 after buying an additional 1,103,748 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Norfolk Southern during the third quarter worth about $329,629,000. Finally, HBK Investments L P increased its stake in Norfolk Southern by 67.7% during the fourth quarter. HBK Investments L P now owns 2,130,000 shares of the railroad operator’s stock valued at $614,974,000 after acquiring an additional 860,000 shares during the period. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Up 0.3%

Shares of NYSE:NSC opened at $351.69 on Monday. The company has a market capitalization of $78.99 billion, a PE ratio of 30.01, a P/E/G ratio of 6.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.73 and a current ratio of 0.83. The company’s fifty day moving average is $317.37 and its 200-day moving average is $306.29. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $3.29 EPS. Equities research analysts predict that Norfolk Southern Corporation will post 12.42 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, August 7th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.5%. Norfolk Southern’s payout ratio is currently 46.08%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Rothschild & Co Redburn upped their price target on Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Benchmark restated a “hold” rating on shares of Norfolk Southern in a research report on Friday. JPMorgan Chase & Co. upped their target price on Norfolk Southern from $316.00 to $338.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup lifted their price target on shares of Norfolk Southern from $351.00 to $376.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Norfolk Southern from $365.00 to $385.00 and gave the company an “overweight” rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $344.35.

Key Headlines Impacting Norfolk Southern

Here are the key news stories impacting Norfolk Southern this week:

• Positive Sentiment: Norfolk Southern beat Q2 expectations, posting $3.52 in EPS and revenue above estimates, with revenue up 12.5% year over year and record quarterly sales. Reuters article
• Positive Sentiment: Wells Fargo raised its price target to $385 and reiterated an overweight rating, signaling confidence that the stock still has room to run. Benzinga article
• Positive Sentiment: Citigroup lifted its target to $376, reflecting a more constructive view after the earnings release, even though it kept a neutral rating. Benzinga article
• Neutral Sentiment: JPMorgan raised its target to $338 but maintained a neutral rating, suggesting valuation looks less compelling after the recent move higher. Benzinga article
• Neutral Sentiment: Some commentary noted lower profitability and margin pressure despite the revenue beat, which may temper enthusiasm if cost pressures persist. Seeking Alpha article
• Negative Sentiment: Profitability was held back by higher fuel costs and lower efficiency, showing that cost inflation remains a headwind even as demand improves. TipRanks article

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.