Norfolk Southern Co. (NYSE:NSC) Director Purchases $438,500.00 in Stock

Norfolk Southern Co. (NYSE:NSCGet Free Report) Director Sameh Fahmy bought 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of $219.25 per share, for a total transaction of $438,500.00. Following the acquisition, the director now directly owns 7,000 shares in the company, valued at $1,534,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Norfolk Southern Stock Up 0.5 %

Shares of NYSE NSC opened at $221.94 on Thursday. The stock has a market cap of $50.14 billion, a PE ratio of 35.74, a PEG ratio of 2.09 and a beta of 1.31. The business has a fifty day moving average of $230.82 and a two-hundred day moving average of $239.31. Norfolk Southern Co. has a 52-week low of $183.09 and a 52-week high of $263.66. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 0.68.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). Norfolk Southern had a net margin of 11.76% and a return on equity of 19.61%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm earned $3.32 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Norfolk Southern Co. will post 11.88 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 3rd were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.43%. Norfolk Southern’s dividend payout ratio is 86.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSC. JPMorgan Chase & Co. increased their price objective on Norfolk Southern from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Barclays dropped their price objective on Norfolk Southern from $305.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Jefferies Financial Group began coverage on Norfolk Southern in a report on Monday, April 8th. They issued a “buy” rating and a $300.00 price objective on the stock. TD Cowen increased their price objective on Norfolk Southern from $236.00 to $253.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada upgraded Norfolk Southern from a “sector perform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.56.

Get Our Latest Research Report on NSC

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. raised its holdings in shares of Norfolk Southern by 4.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 956 shares of the railroad operator’s stock valued at $226,000 after buying an additional 40 shares during the last quarter. MCF Advisors LLC increased its position in Norfolk Southern by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,016 shares of the railroad operator’s stock worth $240,000 after purchasing an additional 41 shares during the period. Fiduciary Group LLC increased its position in Norfolk Southern by 0.4% in the fourth quarter. Fiduciary Group LLC now owns 9,986 shares of the railroad operator’s stock worth $2,360,000 after purchasing an additional 41 shares during the period. ZWJ Investment Counsel Inc. increased its position in Norfolk Southern by 0.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,456 shares of the railroad operator’s stock worth $1,762,000 after purchasing an additional 43 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in Norfolk Southern by 2.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,679 shares of the railroad operator’s stock worth $397,000 after purchasing an additional 43 shares during the period. 75.10% of the stock is owned by institutional investors.

About Norfolk Southern

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.