5 Best Railroad Stocks to Invest In

3. Norfolk Southern Corporation (NYSE:NSC)

Number of Hedge Fund Holders: 48

Norfolk Southern Corporation (NYSE:NSC) is an American railroad transportation services provider that serves industrial consumers. The company is capable of transporting a wide variety of materials and products such as oil, fertilizers, wood, and chemicals. It is headquartered in Atlanta, Georgia.

Norfolk Southern Corporation (NYSE:NSC) brought in $2.9 billion in revenue and $2.93 in GAAP EPS during its fiscal first quarter. This saw it beat analyst revenue estimates but miss them for EPS.

Despite a weak quarter for the industry, these revenues grew, indicating management expertise in navigating a tough environment. More crucially, this came despite Norfolk Southern Corporation (NYSE:NSC) increasing its capital expenditure. Throughout the course of this year, the company also expects to grow its revenue in high single digits, despite the fact that the future of the railroad industry will take some hits before improving.

48 out of the 912 hedge funds part of Insider Monkey’s Q1 2022 poll had invested in Norfolk Southern Corporation (NYSE:NSC).

Norfolk Southern Corporation (NYSE:NSC)’s largest investor is Israel Englander’s Millennium Management which owns one million shares. These enable it to hold a $291 million stake.