<div id="readability-page-1"><p>Hudson Bay Capital Management LP cut its stake in shares of  Norfolk Southern Corporation (NYSE:NSC - Free Report) by 34.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,390 shares of the railroad operator's stock after selling 19,110 shares during the quarter. Hudson Bay Capital Management LP's holdings in Norfolk Southern were worth $9,315,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Norfolk Southern</strong> alerts:</span></p></div><ul><li>This Railroad Stock Is Chugging Along to a New All-Time High</li></ul><p>Several other hedge funds have also made changes to their positions in NSC. Princeton Global Asset Management LLC grew its stake in  Norfolk Southern by 2.3% during the 2nd quarter. Princeton Global Asset Management LLC now owns 1,640 shares of the railroad operator's stock worth $420,000 after buying an additional 37 shares during the last quarter.  Horan Securities Inc. boosted its holdings in shares of  Norfolk Southern by 2.1% during the second quarter. Horan Securities Inc. now owns 1,764 shares of the railroad operator's stock valued at $452,000 after acquiring an additional 37 shares during the period.  Gables Capital Management Inc. grew its position in shares of  Norfolk Southern by 2.7% during the second quarter. Gables Capital Management Inc. now owns 1,466 shares of the railroad operator's stock worth $375,000 after acquiring an additional 38 shares during the last quarter.  FAS Wealth Partners Inc. lifted its position in  Norfolk Southern by 2.8% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,420 shares of the railroad operator's stock valued at $363,000 after purchasing an additional 39 shares during the last quarter.  Finally, SeaCrest Wealth Management LLC lifted its position in  Norfolk Southern by 1.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator's stock valued at $622,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own  75.10% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research firms have commented on NSC. Evercore ISI upped their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Zacks Research cut Norfolk Southern from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Wednesday, November 19th. Benchmark  reaffirmed a &#34;hold&#34; rating on shares of Norfolk Southern in a research note on Monday, October 27th. Barclays boosted their price target on Norfolk Southern from $300.00 to $320.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, October 2nd. Finally, Sanford C. Bernstein cut their target price on Norfolk Southern from $347.00 to $333.00 and set an &#34;outperform&#34; rating for the company in a research report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating, sixteen have assigned  a Hold rating and one  has issued  a Sell rating to the company. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and an average price target of $297.90.</p><ul><li>These 3 industrial stocks just got upgraded ahead of earnings</li></ul><p><b>View Our Latest Analysis on NSC</b></p><h2>Norfolk Southern Stock Performance</h2><p>NSC opened at $296.99 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market cap of $66.64 billion, a PE ratio of 22.65, a P/E/G ratio of 2.72 and a beta of 1.32. The business has a fifty day simple moving average of $287.93 and a 200-day simple moving average of $277.48. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. </p><ul><li>All Aboard! The Sell-Side Has Railroads In Reversal </li></ul><p>Norfolk Southern (NYSE:NSC - Get Free Report) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned $3.25 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis.  As a group, equities analysts predict that  Norfolk Southern Corporation will post 13 EPS for the current fiscal year. </p><h2>Norfolk Southern Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern's dividend payout ratio  is currently 41.19%. </p><h2>Insider Activity</h2><p>In related news, EVP Anil Bhatt sold 900 shares of the firm's stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $281.60, for a total value of $253,440.00. Following the completion of the transaction, the executive vice president owned 1,413 shares of the company's stock, valued at approximately $397,900.80. This trade represents a 38.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Anderson acquired 2,600 shares of the stock in a transaction on Monday, October 27th. The shares were purchased at an average price of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the transaction, the director owned 7,000 shares in the company, valued at approximately $1,973,020. This represents a 59.09% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 4,454 shares of company stock valued at $1,259,874. Corporate insiders own  0.06% of the company's stock. </p><h2>Norfolk Southern Company Profile</h2> (Free Report)<p>Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Norfolk Southern</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5TQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5TQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Norfolk Southern Right Now?</h2><p>Before you consider Norfolk Southern, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norfolk Southern wasn't on the list.</p><p>While Norfolk Southern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Hudson Bay Capital Management LP reduced its stake in Norfolk Southern Corporation by 34.4% in Q2, owning 36,390 shares worth $9.3 million. Several hedge funds adjusted their positions in NSC. Analysts have mixed ratings, with a consensus "Hold" and an average price target of $297.90. NSC's stock opened at $296.99, with a market cap of $66.64 billion. The company reported Q3 earnings of $3.30 per share, slightly missing estimates, and announced a quarterly dividend.</p>

Norfolk Southern Corporation $NSC Shares Sold by Hudson Bay Capital Management LP