Carnegie Investment Counsel bumped up its stake in Norfolk Southern Corporation (NYSE:NSC) by 5.7% in Q1 2026, as disclosed in a recent SEC filing. They've added 6,807 shares, bringing their total to 125,768 shares of the railroad giant.
Now Carnegie's holding in Norfolk Southern is worth about $34.16 million, a sliver at 0.06% of the company. Institutional investors are all over railroad sector, with 75.10% of Norfolk Southern's stock held by big players.
Norfolk Southern's stock is on an upward swing . Friday saw a $3.83 bump, taking it to $327.60,on a trading volume of 636,072 shares — not quite average of 981,612 . With a market cap of $73.58 billion and a P/E ratio of 27.60,it's a heavyweight.
The company's financials look solid. In the last quarterly report on April 24,EPS hit $2.65,beating the $2.49 forecast. Revenue was $3 billion, hair below the $3.13 billion expected,but still a 0.2% year-on-year rise.
Norfolk Southern also declared quarterly dividend of $1.35 per share,paid on May 20 . Annualized, that's $5.40 per share, yielding 1.6%. payout ratio is 45.49%, showing a careful balance of returns to shareholders.
Analysts have mixed views on Norfolk Southern's stock. BMO Capital Markets nudged its target from $305 to $310,keeping a “market perform” rating. Citigroup upped theirs from $335 to $351, and Wolfe Research went from $350 to $355 with an “outperform” rating. But JPMorgan cut its target from $331 to $316, being more cautious.
Despite differing takes,seven analysts say Buy, seventeen say Hold,averaging to a “Hold” consensus and an average price target of $326.72.
Norfolk Southern runs a major freight railroad across the U.S., crucial for moving coal,auto parts, chemicals,and more. Their network spans the eastern U.S.,offering long-haul, regional, and intermodal services .
As railroads change,Norfolk Southern's moves and recent investments show they're betting on growth. Investors and analysts will keep a close eye on their next steps .
