Norfolk Southern Co. (NYSE:NSC) Director Buys $87,279.50 in Stock

Norfolk Southern Co. (NYSE:NSC) Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Sameh Fahmy also recently made the following trade(s):

• On Thursday, October 24th, Sameh Fahmy acquired 1,000 shares of Norfolk Southern stock. The shares were bought at an average cost of $255.00 per share, with a total value of $255,000.00.

Norfolk Southern Price Performance

NSC opened at $246.22 on Friday. The business has a fifty day moving average of $259.16 and a 200 day moving average of $243.50. The stock has a market cap of $55.70 billion, a P/E ratio of 23.12, a PEG ratio of 2.35 and a beta of 1.31. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 earnings per share. As a group, sell-side analysts anticipate that Norfolk Southern Co. will post 11.82 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, November 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 50.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NSC shares. Bank of America boosted their target price on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen increased their target price on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Loop Capital boosted their price target on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on shares of Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Benchmark lifted their price objective on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Norfolk Southern currently has an average rating of “Moderate Buy” and an average price target of $275.68.

Institutional Trading of Norfolk Southern

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Norfolk Southern by 4.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,234 shares of the railroad operator’s stock worth $9,282,000 after acquiring an additional 1,707 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Norfolk Southern by 9.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 576 shares of the railroad operator’s stock worth $124,000 after purchasing an additional 50 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Norfolk Southern during the second quarter valued at approximately $47,000. Blue Trust Inc. increased its holdings in Norfolk Southern by 2.8% during the second quarter. Blue Trust Inc. now owns 7,666 shares of the railroad operator’s stock valued at $1,646,000 after buying an additional 210 shares during the period. Finally, Everpar Advisors LLC raised its stake in Norfolk Southern by 4.1% in the second quarter. Everpar Advisors LLC now owns 2,875 shares of the railroad operator’s stock worth $617,000 after buying an additional 112 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.