Norfolk Southern Corp. (NYSE:NSC) VP Thomas E. Hurlbut sold 469 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $103.77, for a total transaction of $48,668.13. Following the sale, the vice president now owns 7,041 shares of the company’s stock, valued at $730,644.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norfolk Southern Corp. (NYSE:NSC) opened at 103.92 on Wednesday. The stock’s 50 day moving average is $96.39 and its 200 day moving average is $90.72. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 19.24 and a beta of 1.13. Norfolk Southern Corp. has a 52-week low of $64.51 and a 52-week high of $105.50.

Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. The business’s revenue was down 7.0% compared to the same quarter last year. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Friday, November 4th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. Norfolk Southern Corp.’s dividend payout ratio is currently 43.70%.

Several equities research analysts have issued reports on the stock. Deutsche Bank AG assumed 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 for the company. Vertical Research upgraded shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Vertical Group upgraded shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Zacks Investment Research upgraded shares of 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. Finally, Atlantic Securities began coverage on shares of 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, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.82.

Large investors have recently bought and sold shares of the company. WealthTrust Arizona LLC increased 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 worth $107,000 after buying an additional 10 shares in the last quarter. Live Your Vision LLC bought a new position in shares of Norfolk Southern Corp. during the third quarter worth about $109,000. QCI Asset Management Inc. NY boosted its position in shares of 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 worth $112,000 after buying an additional 6 shares during the last quarter. Zions Bancorporation boosted its position in shares of Norfolk Southern Corp. by 90.4% in the second quarter. Zions Bancorporation now owns 1,369 shares of the railroad operator’s stock worth $116,000 after buying an additional 650 shares during the last quarter. Finally, BKS Advisors LLC bought a new position in shares of Norfolk Southern Corp. during the third quarter worth about $123,000. Hedge funds and other 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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