Norfolk Southern Corporation $NSC Stock Holdings Lifted by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas increased its holdings in Norfolk Southern Corporation (NYSE:NSC) by 46.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 95,000 shares of the railroad operator’s stock after buying an additional 30,000 shares during the period. Norfolk Southern comprises approximately 1.1% of Oddo BHF Asset Management Sas’ holdings, making the stock its 24th biggest position. Oddo BHF Asset Management Sas’ holdings in Norfolk Southern were worth $27,265,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. JPL Wealth Management LLC bought a new position in Norfolk Southern in the third quarter worth about $25,000. BNP Paribas bought a new position in shares of Norfolk Southern during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. grew its holdings in shares of Norfolk Southern by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $33,000. Finally, Bayban acquired a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $34,000. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

NSC has been the subject of a number of analyst reports. Evercore set a $358.00 price objective on Norfolk Southern in a research report on Thursday, July 23rd. Wall Street Zen raised Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada raised their target price on Norfolk Southern from $320.00 to $360.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. TD Cowen boosted their price target on shares of Norfolk Southern from $337.00 to $376.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Barclays upped their price target on shares of Norfolk Southern from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $348.00.

Norfolk Southern Stock Down 0.7%

NSC stock opened at $336.55 on Thursday. The firm’s 50-day moving average is $318.76 and its two-hundred day moving average is $307.37. The company has a market capitalization of $75.59 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 6.03 and a beta of 1.27. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data 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. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the firm posted $3.29 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that Norfolk Southern Corporation will post 12.6 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, August 7th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.08%.

Norfolk Southern Profile

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.