NBT Bank N.A. bought a new stake in Norfolk Southern Corporation (NYSE:NSC – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,148 shares of the railroad operator’s stock, valued at approximately $1,591,000.
A number of other institutional investors also recently added to or reduced their stakes in NSC. Edmond DE Rothschild Holding S.A. acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Norfolk Southern in the 2nd quarter valued at approximately $27,000. Elevation Wealth Partners LLC increased its position in shares of Norfolk Southern by 2,125.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 89 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 85 shares during the last quarter. North Point Portfolio Managers Corp OH purchased a new stake in shares of Norfolk Southern in the 3rd quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Norfolk Southern Price Performance
NSC stock opened at $329.85 on Friday. The business has a 50 day moving average price of $326.46 and a 200 day moving average price of $320.64. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The stock has a market cap of $74.09 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 5.04 and a beta of 1.29. Norfolk Southern Corporation has a fifty-two week low of $277.80 and a fifty-two week high of $358.60.
Norfolk Southern (NYSE:NSC – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.62 EPS for the quarter, beating the consensus estimate of $3.46 by $0.16. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.48 billion. Norfolk Southern had a net margin of 20.70% and a return on equity of 18.22%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 earnings per share. Equities research analysts anticipate that Norfolk Southern Corporation will post 12.81 earnings per share for the current fiscal year.
Norfolk Southern Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 6th. Norfolk Southern’s payout ratio is currently 46.08%.
Key Headlines Impacting Norfolk Southern
Here are the key news stories impacting Norfolk Southern this week:
- Positive Sentiment: Third-quarter results exceeded expectations: reported EPS was approximately $3.62 versus the $3.46 analyst consensus, while revenue reached $3.53 billion versus expectations of $3.48 billion. Earnings also improved from $3.30 per share a year earlier. Reuters earnings article
- Positive Sentiment: Higher freight volumes, fuel surcharges and tighter trucking capacity supported rail demand and helped Norfolk Southern produce record railway operating revenue. Zacks earnings analysis
- Positive Sentiment: TD Cowen raised its price target from $376 to $379 and maintained a “buy” rating, implying meaningful upside based on the referenced share price. Norfolk Southern revenue announcement
- Neutral Sentiment: Norfolk Southern declared a quarterly dividend of $1.35 per share, payable November 20 to shareholders of record November 6. The annualized payout is $5.40, or roughly a 1.6% yield. Dividend announcement
- Negative Sentiment: High fuel and other operating costs pressured efficiency and margins. Management lifted its 2026 operating-expense outlook to slightly above $9 billion, while capital spending is expected to be approximately $2.1 billion. Norfolk Southern expense outlook
- Negative Sentiment: Analyst views were mixed: JPMorgan raised its target from $318 to $323 but retained a “neutral” rating, while Stephens cut its target from $377 to $354, reinforcing concerns about valuation and cost execution. Stephens price target report
Analyst Upgrades and Downgrades
NSC has been the subject of several recent analyst reports. Barclays lifted their price objective 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. UBS Group reiterated a “neutral” rating and set a $363.00 target price on shares of Norfolk Southern in a research note on Friday, July 24th. Royal Bank Of Canada increased their target price on Norfolk Southern from $330.00 to $350.00 and gave the company a “sector perform” rating in a report on Friday. Weiss Ratings upgraded Norfolk Southern from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, BMO Capital Markets lifted their price target on Norfolk Southern from $310.00 to $355.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $348.81.
View Our Latest Stock Report on Norfolk Southern
Norfolk Southern Profile
Norfolk Southern Corporation (NYSE:NSC) is a transportation company that operates one of the largest freight railroad networks in the eastern United States. Through its Norfolk Southern Railway subsidiary, the company provides rail transportation and related services across a broad territory spanning portions of the Midwest, South and East Coast, including access to major industrial centers, ports and distribution markets.
Norfolk Southern transports a diverse range of commodities, including intermodal freight, merchandise, automotive products, coal and other energy-related materials.
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