In a recent flurry of activity surrounding Norfolk Southern Corp. (NSC), various investment management firms have adjusted their stakes in the company. AEGON ASSET MANAGEMENT UK Plc, Beacon Investment Advisory Services Inc., and Brookstone Capital Management were among the major firms that recently reduced their shareholdings. Conversely, firms such as Janney Montgomery Scott LLC and Oak Thistle LLC increased their NSC holdings.
NSC's stock performance has fluctuated, demonstrating strong performance on some days, but underperforming compared to competitors on other days. Nonetheless, many see NSC as one of the best shipping stocks to invest in, and it has been included in UBS' list of stocks for the AI, growth, and low rates era.
The company appointed new members to their executive leadership team, including Ann A. Adams as Chief Human Resources Officer, and announced strategic investments in Alabama.
Looking towards earnings, NSC is expected to announce their Q4 earnings on January 29, with many expecting a beat. Zacks Research has an optimistic outlook for Q3 earnings, and there is speculation about strong revenue growth in Q3 2024.
With 77% ownership of shares, NSC is heavily dominated by institutional owners, focussing on socially responsible dividends with a 2.1% yield, making it a top socially responsible dividend stock.
Norfolk Southern Corp NSC News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:00:30 GMT - Rating 5 - Innovation 2 - Information 6 - Rumor -1
