Norfolk Southern Corp. (NYSE:NSC) VP Thomas E. Hurlbut sold 1,427 shares of Norfolk Southern Corp. stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $116.92, for a total value of $166,844.84. Following the sale, the vice president now owns 5,102 shares in the company, valued at approximately $596,525.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Norfolk Southern Corp. (NSC) opened at 122.50 on Tuesday. The firm has a market capitalization of $35.50 billion, a P/E ratio of 21.07 and a beta of 1.24. Norfolk Southern Corp. has a 52-week low of $78.73 and a 52-week high of $125.31. The stock’s 50 day moving average is $117.29 and its 200-day moving average is $114.77.
Norfolk Southern Corp. (NYSE:NSC) last released its earnings results on Wednesday, April 26th. The railroad operator reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. Norfolk Southern Corp. had a net margin of 16.82% and a return on equity of 13.90%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Norfolk Southern Corp. will post $6.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Friday, May 5th will be given a $0.61 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 1.99%. Norfolk Southern Corp.’s payout ratio is 43.42%. Large investors have recently added to or reduced their stakes in the company. Bain Capital Public Equity Management LLC bought a new stake in Norfolk Southern Corp. during the fourth quarter worth about $9,986,000. Luminus Management LLC bought a new stake in Norfolk Southern Corp. during the fourth quarter worth about $123,732,000. Nordea Investment Management AB increased its stake in Norfolk Southern Corp. by 2.0% in the third quarter. Nordea Investment Management AB now owns 940,357 shares of the railroad operator’s stock worth $91,271,000 after buying an additional 18,693 shares during the last quarter. KCM Investment Advisors LLC increased its stake in Norfolk Southern Corp. by 14.4% in the third quarter. KCM Investment Advisors LLC now owns 4,857 shares of the railroad operator’s stock worth $471,000 after buying an additional 612 shares during the last quarter. Finally, First Manhattan Co. increased its stake in Norfolk Southern Corp. by 16.6% in the first quarter. First Manhattan Co. now owns 12,984 shares of the railroad operator’s stock worth $1,260,000 after buying an additional 1,848 shares during the last quarter. Institutional investors own 70.02% of the company’s stock.
A number of analysts have recently commented on NSC shares. Credit Suisse Group AG reiterated an “outperform” rating and set a $136.00 target price (up previously from $128.00) on shares of Norfolk Southern Corp. in a research report on Monday, March 6th. Wells Fargo & Co started coverage on Norfolk Southern Corp. in a research report on Monday, March 13th. They set an “outperform” rating on the stock. Royal Bank of Canada cut Norfolk Southern Corp. from a “sector perform” rating to an “underperform” rating and set a $113.00 target price on the stock. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Loop Capital reiterated a “hold” rating on shares of Norfolk Southern Corp. in a research report on Saturday, March 25th. Finally, TD Securities reiterated a “hold” rating on shares of Norfolk Southern Corp. in a research report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $108.25. About Norfolk Southern Corp.