Norfolk Southern Corp. (NYSE:NSC) VP James A. Hixon sold 35,247 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $96.10, for a total transaction of $3,387,236.70. Following the completion of the transaction, the vice president now directly owns 142,647 shares of the company’s stock, valued at approximately $13,708,376.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Norfolk Southern Corp. (NYSE:NSC) opened at 103.99 on Tuesday. Norfolk Southern Corp. has a 12 month low of $64.51 and a 12 month high of $104.87. The stock has a market capitalization of $30.36 billion, a P/E ratio of 19.26 and a beta of 1.13. The company’s 50-day moving average is $94.70 and its 200 day moving average is $90.07.

Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The company earned $2.52 billion during the quarter, compared to the consensus estimate of $2.25 billion. Norfolk Southern Corp. had a return on equity of 13.15% and a net margin of 16.27%. Norfolk Southern Corp.’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Equities research analysts predict that Norfolk Southern Corp. will post $5.55 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 4th will be given a dividend of $0.59 per share. The ex-dividend date is Wednesday, November 2nd. This represents a $2.36 annualized dividend and a dividend yield of 2.27%. Norfolk Southern Corp.’s dividend payout ratio (DPR) is 43.70%.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Norfolk Southern Corp. by 69.8% in the second quarter. FMR LLC now owns 3,901,583 shares of the railroad operator’s stock valued at $332,142,000 after buying an additional 1,603,911 shares during the period. Bank of New York Mellon Corp increased its stake in Norfolk Southern Corp. by 35.5% in the second quarter. Bank of New York Mellon Corp now owns 3,628,950 shares of the railroad operator’s stock valued at $308,932,000 after buying an additional 951,665 shares during the period. American Century Companies Inc. increased its stake in Norfolk Southern Corp. by 69.9% in the second quarter. American Century Companies Inc. now owns 1,672,364 shares of the railroad operator’s stock valued at $142,368,000 after buying an additional 687,976 shares during the period. Standard Life Investments LTD acquired a new stake in Norfolk Southern Corp. during the third quarter valued at $63,284,000. Finally, Vanguard Group Inc. increased its stake in 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 valued at $1,725,793,000 after buying an additional 478,702 shares during the period. Institutional investors and hedge funds own 68.35% of the company’s stock.

A number of research firms have commented on NSC. Deutsche Bank AG began coverage on shares of Norfolk Southern Corp. in a research note on Wednesday, November 2nd. They issued a “buy” rating and a $110.00 price target for the company. Vertical Research raised shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Vertical Group raised shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Monday, October 31st. Finally, Argus raised shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $91.60 to $104.00 in a research note on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company. Norfolk Southern Corp. presently 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

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