Norfolk Souther Corporation (NYSE:NSC) SVP William Andrew Galanko sold 5,934 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $119.13, for a total value of $706,917.42. Following the completion of the transaction, the senior vice president now directly owns 23,107 shares in the company, valued at approximately $2,752,736.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Norfolk Souther Corporation (NYSE:NSC) opened at 121.12 on Monday. The stock has a 50 day moving average price of $114.34 and a 200-day moving average price of $100.67. Norfolk Souther Corporation has a one year low of $72.01 and a one year high of $122.50. The firm has a market capitalization of $35.19 billion, a price-to-earnings ratio of 21.54 and a beta of 1.24.
Norfolk Souther Corporation (NYSE:NSC) last released its earnings results on Wednesday, January 25th. The railroad operator reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.06. Norfolk Souther Corporation had a return on equity of 13.53% and a net margin of 16.87%. The firm earned $2.49 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $1.20 EPS. Norfolk Souther Corporation’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that Norfolk Souther Corporation will post $6.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Wednesday, February 1st. This represents a $2.44 annualized dividend and a yield of 2.01%. Norfolk Souther Corporation’s payout ratio is 43.42%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Norfolk Souther Corporation by 41.7% in the fourth quarter. FMR LLC now owns 7,524,109 shares of the railroad operator’s stock valued at $813,130,000 after buying an additional 2,213,744 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Norfolk Souther Corporation by 35.5% in the second quarter. Bank of New York Mellon Corp now owns 3,628,950 shares of the railroad operator’s stock valued at $308,932,000 after buying an additional 951,665 shares during the last quarter. State Street Corp boosted its position in Norfolk Souther Corporation by 5.5% in the fourth quarter. State Street Corp now owns 12,679,709 shares of the railroad operator’s stock valued at $1,370,294,000 after buying an additional 663,442 shares during the last quarter. Standard Life Investments LTD bought a new position in Norfolk Souther Corporation during the third quarter valued at approximately $63,284,000. Finally, Scopus Asset Management L.P. bought a new position in Norfolk Souther Corporation during the third quarter valued at approximately $58,094,000. 70.02% of the stock is owned by hedge funds and other institutional investors.
NSC has been the topic of several research analyst reports. Aegis initiated coverage on Norfolk Souther Corporation in a research report on Monday, October 24th. They issued a “hold” rating on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $96.00 target price on shares of Norfolk Souther Corporation in a report on Wednesday, October 26th. Seaport Global Securities initiated coverage on Norfolk Souther Corporation in a report on Friday, October 28th. They issued a “buy” rating and a $101.00 target price for the company. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Monday, October 31st. Finally, Deutsche Bank AG initiated coverage on Norfolk Souther Corporation in a report on Wednesday, November 2nd. They issued a “buy” rating and a $110.00 target price for the company. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Norfolk Souther Corporation has a consensus rating of “Hold” and an average target price of $97.93.
About Norfolk Souther Corporation
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.
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