Norfolk Southern Co. (NYSE:NSC) EVP Nabanita C. Nag Sells 355 Shares of Stock

Norfolk Southern Co. (NYSE:NSC) EVP Nabanita C. Nag sold 355 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $249.38, for a total value of $88,529.90. Following the completion of the sale, the executive vice president now owns 1,488 shares of the company’s stock, valued at $371,077.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Norfolk Southern Trading Down 0.1 %

Shares of Norfolk Southern stock opened at $249.54 on Thursday. The firm has a market capitalization of $56.42 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.44 and a beta of 1.32. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average is $223.85 and its 200 day moving average is $237.99. Norfolk Southern Co. has a 1 year low of $183.09 and a 1 year high of $263.66.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.20. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Norfolk Southern had a net margin of 14.85% and a return on equity of 19.64%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.95 EPS. Equities research analysts forecast that Norfolk Southern Co. will post 11.78 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 2nd will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Investors Weigh In On Norfolk Southern

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC acquired a new stake in Norfolk Southern during the 1st quarter worth approximately $27,000. 1620 Investment Advisors Inc. acquired a new stake in Norfolk Southern during the 2nd quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new stake in Norfolk Southern during the 2nd quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $32,000. Finally, Rise Advisors LLC acquired a new stake in Norfolk Southern during the 1st quarter worth approximately $34,000. 75.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NSC. Morgan Stanley reiterated an “underweight” rating and issued a $175.00 price target on shares of Norfolk Southern in a report on Monday, July 8th. Stifel Nicolaus lifted their price objective on Norfolk Southern from $239.00 to $241.00 and gave the company a “hold” rating in a report on Friday, July 26th. TD Cowen increased their target price on shares of Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, July 26th. UBS Group reduced their target price on shares of Norfolk Southern from $302.00 to $294.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Barclays cut their price target on shares of Norfolk Southern from $305.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

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.