Norfolk Southern Corp. (NYSE:NSC) EVP Marta R. Stewart sold 3,987 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $100.49, for a total transaction of $400,653.63. Following the sale, the executive vice president now owns 11,744 shares of the company’s stock, valued at approximately $1,180,154.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

Norfolk Southern Corp. (NYSE:NSC) last issued its earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. Norfolk Southern Corp. had a net margin of 16.27% and a return on equity of 13.15%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business earned $1.49 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. Equities analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 4th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, November 2nd. Norfolk Southern Corp.’s dividend payout ratio is 43.70%.

Several brokerages have weighed in on NSC. Zacks Investment Research upgraded shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Friday, October 7th. Citigroup Inc. lifted their price objective on shares of Norfolk Southern Corp. from $87.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Aegis began coverage on shares of Norfolk Southern Corp. in a research note on Monday, October 24th. They issued a “hold” rating for the company. Avondale Partners cut shares of Norfolk Southern Corp. from a “market perform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Wednesday, October 12th. Finally, Bank of America Corp. upgraded shares of Norfolk Southern Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $97.00 to $110.00 in a research note on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.82.

Several hedge funds and other institutional investors have recently modified their holdings of the company. WealthTrust Arizona LLC boosted its stake in Norfolk Southern Corp. by 0.9% in the third quarter. WealthTrust Arizona LLC now owns 1,100 shares of the railroad operator’s stock valued at $107,000 after buying an additional 10 shares during the period. Live Your Vision LLC bought a new stake in Norfolk Southern Corp. during the third quarter valued at $109,000. QCI Asset Management Inc. NY boosted its stake in Norfolk Southern Corp. by 0.5% in the third quarter. QCI Asset Management Inc. NY now owns 1,152 shares of the railroad operator’s stock valued at $112,000 after buying an additional 6 shares during the period. Zions Bancorporation boosted its stake in Norfolk Southern Corp. by 90.4% in the second quarter. Zions Bancorporation now owns 1,369 shares of the railroad operator’s stock valued at $116,000 after buying an additional 650 shares during the period. Finally, BKS Advisors LLC bought a new stake in Norfolk Southern Corp. during the third quarter valued at $123,000. Hedge funds and other institutional investors own 68.35% of the company’s stock.

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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