Weekly Analysts’ Ratings Updates for Old Dominion Freight Line (ODFL)

Several brokerages have updated their recommendations and price targets on shares of Old Dominion Freight Line (NASDAQ: ODFL) in the last few weeks:

• 4/22/2026 – Old Dominion Freight Line had its price target raised by Jefferies Financial Group Inc. from $210.00 to $230.00. They now have a “hold” rating on the stock.
• 4/16/2026 – Old Dominion Freight Line had its price target raised by Stifel Nicolaus from $217.00 to $228.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Old Dominion Freight Line had its price target raised by The Goldman Sachs Group, Inc. from $195.00 to $198.00. They now have a “buy” rating on the stock.
• 4/14/2026 – Old Dominion Freight Line had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 4/7/2026 – Old Dominion Freight Line had its price target raised by Citigroup Inc. from $216.00 to $218.00. They now have a “neutral” rating on the stock.
• 4/7/2026 – Old Dominion Freight Line had its price target raised by Wolfe Research from $183.00 to $185.00. They now have an “underperform” rating on the stock.
• 4/7/2026 – Old Dominion Freight Line had its price target raised by JPMorgan Chase & Co. from $182.00 to $183.00. They now have a “neutral” rating on the stock.
• 4/7/2026 – Old Dominion Freight Line was upgraded by Wells Fargo & Company from “underweight” to “equal weight”. They now have a $200.00 price target on the stock, up from $165.00.
• 4/6/2026 – Old Dominion Freight Line had its price target raised by Morgan Stanley from $209.00 to $215.00. They now have an “overweight” rating on the stock.
• 3/27/2026 – Old Dominion Freight Line had its price target raised by Evercore Inc from $200.00 to $201.00.
• 3/10/2026 – Old Dominion Freight Line had its price target raised by JPMorgan Chase & Co. from $168.00 to $182.00. They now have a “neutral” rating on the stock.
• 3/4/2026 – Old Dominion Freight Line had its “hold” rating reaffirmed by Benchmark Co..
• 3/3/2026 – Old Dominion Freight Line had its price target raised by Jefferies Financial Group Inc. from $195.00 to $210.00. They now have a “hold” rating on the stock.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.5%. Old Dominion Freight Line’s payout ratio is presently 24.02%.

Insider Activity

In other news, Chairman David S. Congdon sold 52,000 shares of Old Dominion Freight Line stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $194.77, for a total value of $10,128,040.00. Following the completion of the sale, the chairman directly owned 712,800 shares of the company’s stock, valued at approximately $138,832,056. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Earl E. Congdon sold 25,000 shares of Old Dominion Freight Line stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $196.13, for a total value of $4,903,250.00. Following the completion of the transaction, the insider owned 2,162,113 shares of the company’s stock, valued at approximately $424,055,222.69. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 80,134 shares of company stock valued at $15,640,132. 10.00% of the stock is currently owned by corporate insiders.

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.