10 Best Railroad Stocks To Buy Now

5. Norfolk Southern Corporation (NYSE:NSC)

Number of Hedge Fund Holders: 63

Norfolk Southern Corporation (NYSE:NSC) is an American rail transportation company that hauls agricultural products like corn and wheat, chemicals, metals, construction materials, cars, and coal. The company finished $1 billion worth of infrastructure upgrades across its 22-state network in 2024. The projects were completed on time and within budget, boosting safety, speed, and reliability. It is one of the best railroad stocks to invest in. On March 7, 2025, Deutsche Bank started coverage of NSC with a Buy rating and price target of $293.

Norfolk Southern Corporation (NYSE:NSC) raked in $3 billion in revenue for Q4 2024, with $1.1 billion in operating income and earnings per share of $3.23. For the full year 2024, revenue stood at $12.1 billion, with $4.1 billion in operating income and an EPS of $11.57. On January 28, Norfolk announced a quarterly dividend of $1.35 per share. The dividend was paid on February 20, to shareholders on record as of February 7. The company has consistently paid dividends for 170 straight quarters since its establishment in 1982.

Among the hedge funds tracked by Insider Monkey in Q4 2024, 63 funds reported owning stakes in Norfolk Southern Corporation (NYSE:NSC), compared to 47 funds in the last quarter. Ancora Advisors was the biggest stakeholder of the company, with 1 million shares worth $236.5 million.