Norfolk Southern Co. (NYSE:NSC) Director Sameh Fahmy Acquires 1,000 Shares of Stock

Norfolk Southern Co. (NYSE:NSC) Director Sameh Fahmy bought 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $2,550,000. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, August 1st, Sameh Fahmy purchased 700 shares of Norfolk Southern stock. The shares were bought at an average cost of $245.15 per share, with a total value of $171,605.00.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $251.09 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.54 and a current ratio of 0.73. Norfolk Southern Co. has a fifty-two week low of $183.76 and a fifty-two week high of $263.66. The company has a market capitalization of $56.77 billion, a P/E ratio of 23.58, a PEG ratio of 2.48 and a beta of 1.31. The stock has a 50 day moving average price of $249.01 and a two-hundred day moving average price of $236.99.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. Analysts expect that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, November 1st. Norfolk Southern’s payout ratio is 50.70%.

Institutional Investors Weigh In On Norfolk Southern

Large investors have recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new stake in Norfolk Southern in the third quarter valued at $25,000. Cedar Wealth Management LLC purchased a new position in Norfolk Southern during the first quarter valued at $27,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Norfolk Southern in the 2nd quarter worth about $27,000. Financial Connections Group Inc. bought a new position in shares of Norfolk Southern in the 2nd quarter worth about $31,000. Finally, HWG Holdings LP purchased a new position in Norfolk Southern during the 2nd quarter valued at about $31,000. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark lifted their price target on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Bank of America increased their price target on Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley reiterated an “underweight” rating and set a $175.00 target price on shares of Norfolk Southern in a research report on Monday, July 8th. Finally, Citigroup boosted their price target on shares of Norfolk Southern from $294.00 to $302.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.16.

About Norfolk Southern

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.