Norfolk Southern Corp. (NYSE:NSC) VP Thomas E. Hurlbut sold 1,000 shares of Norfolk Southern Corp. stock in a transaction on Monday, November 7th. The shares were sold at an average price of $94.46, for a total value of $94,460.00. Following the transaction, the vice president now directly owns 7,560 shares of the company’s stock, valued at $714,117.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Norfolk Southern Corp. (NYSE:NSC) opened at 100.50 on Friday. The company’s 50 day moving average price is $94.51 and its 200-day moving average price is $90.00. The firm has a market capitalization of $29.34 billion, a price-to-earnings ratio of 18.61 and a beta of 1.13. Norfolk Southern Corp. has a 12-month low of $64.51 and a 12-month high of $101.19.

Norfolk Southern Corp. (NYSE:NSC) last announced its quarterly earnings data on Wednesday, October 26th. The railroad operator reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.10. Norfolk Southern Corp. had a return on equity of 13.15% and a net margin of 16.27%. The firm earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Norfolk Southern Corp. will post $5.55 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Norfolk Southern Corp. (NYSE:NSC)

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Friday, November 4th will be paid a $0.59 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.35%. Norfolk Southern Corp.’s dividend payout ratio (DPR) is presently 43.70%.

A number of large investors have recently made changes to their positions in NSC. Vanguard Group Inc. boosted its stake in shares of Norfolk Southern Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 20,272,445 shares of the railroad operator’s stock worth $1,725,793,000 after buying an additional 478,702 shares during the period. Capital International Investors boosted its stake in shares of Norfolk Southern Corp. by 5.6% in the second quarter. Capital International Investors now owns 5,850,200 shares of the railroad operator’s stock worth $498,028,000 after buying an additional 309,700 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Norfolk Southern Corp. by 5.4% in the third quarter. Wells Fargo & Company MN now owns 5,703,831 shares of the railroad operator’s stock worth $553,614,000 after buying an additional 292,319 shares during the period. Northern Trust Corp boosted its stake in shares of Norfolk Southern Corp. by 2.1% in the third quarter. Northern Trust Corp now owns 4,906,015 shares of the railroad operator’s stock worth $476,178,000 after buying an additional 98,768 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Norfolk Southern Corp. by 4.5% in the third quarter. BlackRock Fund Advisors now owns 4,024,586 shares of the railroad operator’s stock worth $390,626,000 after buying an additional 175,129 shares during the period. 67.97% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Deutsche Bank AG assumed coverage on Norfolk Southern Corp. in a report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 price objective for the company. Vertical Research upgraded Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Monday, October 31st. Argus upgraded Norfolk Southern Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $91.60 to $104.00 in a research note on Wednesday, November 2nd. Finally, Atlantic Securities began coverage on Norfolk Southern Corp. in a research note on Thursday, August 11th. They issued a “neutral” rating and a $104.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.82.

About Norfolk Southern Corp.

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

5 Day Chart for NYSE:NSC

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