Traders bought shares of Norfolk Southern Corp. (NYSE:NSC) on weakness during trading hours on Tuesday following insider selling activity. $80.41 million flowed into the stock on the tick-up and $27.64 million flowed out of the stock on the tick-down, for a money net flow of $52.77 million into the stock. Of all companies tracked, Norfolk Southern Corp. had the 11th highest net in-flow for the day. Norfolk Southern Corp. traded down ($0.68) for the day and closed at $103.92Specifically, VP James A. Hixon sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the vice president now directly owns 129,074 shares in the company, valued at approximately $12,152,317.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Hurlbut sold 850 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $92.28, for a total transaction of $78,438.00. Following the transaction, the vice president now owns 10,730 shares in the company, valued at $990,164.40. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

NSC has been the topic of several recent analyst reports. Argus restated a “buy” rating on shares of Norfolk Southern Corp. in a research note on Wednesday, August 3rd. Loop Capital restated a “hold” rating on shares of Norfolk Southern Corp. in a research note on Friday, September 9th. Zacks Investment Research upgraded shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Friday, October 7th. Deutsche Bank AG initiated coverage on shares of Norfolk Southern Corp. in a research note on Wednesday, November 2nd. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Atlantic Securities initiated coverage on shares of Norfolk Southern Corp. in a research note on Thursday, August 11th. They set a “neutral” rating and a $104.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. Norfolk Southern Corp. presently has an average rating of “Hold” and an average price target of $92.82.

The stock has a market cap of $30.34 billion, a P/E ratio of 19.24 and a beta of 1.13. The company’s 50 day moving average price is $96.19 and its 200-day moving average price is $90.62.

Norfolk Southern Corp. (NYSE:NSC) last released its quarterly earnings data on Wednesday, October 26th. The railroad operator reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $2.52 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $1.49 earnings per share. Norfolk Southern Corp.’s revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Norfolk Southern Corp. will post $5.55 earnings per share for the current year.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Baxter Bros Inc. purchased a new position in Norfolk Southern Corp. during the second quarter worth approximately $2,373,000. Howland Capital Management LLC raised its stake in shares of Norfolk Southern Corp. by 10.7% in the second quarter. Howland Capital Management LLC now owns 3,907 shares of the railroad operator’s stock valued at $333,000 after buying an additional 377 shares during the last quarter. Cullinan Associates Inc. raised its stake in shares of Norfolk Southern Corp. by 16.1% in the second quarter. Cullinan Associates Inc. now owns 6,500 shares of the railroad operator’s stock valued at $553,000 after buying an additional 900 shares during the last quarter. First PREMIER Bank raised its stake in shares of Norfolk Southern Corp. by 17.3% in the second quarter. First PREMIER Bank now owns 2,269 shares of the railroad operator’s stock valued at $194,000 after buying an additional 335 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Norfolk Southern Corp. by 8.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,978 shares of the railroad operator’s stock valued at $168,000 after buying an additional 160 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

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Norfolk Southern Corp. Company Profile

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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