Key Points
- William Jr. Clyburn, a Norfolk Southern director, purchased 204 shares on December 5 at an average price of $294.79 (total ~$60,137), increasing his direct stake to 405 shares (a 101.49% increase) as disclosed in an SEC filing.
- Norfolk Southern reported Q3 EPS of $3.30 (missing estimates by $0.01) with flat year‑over‑year revenue, and recently paid a quarterly dividend of $1.35 ($5.40 annualized, ~1.8% yield).
- Analysts give NSC a consensus rating of "Hold" with an average price target of $300.75; the stock trades near a $65.8B market cap, a PE of 22.35, and a 52‑week range of $201.63–$302.24.
Norfolk Southern Corporation (NYSE:NSC - Get Free Report) Director William Jr. Clyburn bought 204 shares of the company's stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of $294.79 per share, with a total value of $60,137.16. Following the acquisition, the director directly owned 405 shares of the company's stock, valued at approximately $119,389.95. This represents a 101.49% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Norfolk Southern Price Performance
Shares of NYSE NSC opened at $293.01 on Tuesday. The stock has a market capitalization of $65.75 billion, a PE ratio of 22.35, a P/E/G ratio of 2.70 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.78. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The business has a fifty day moving average price of $288.38 and a two-hundred day moving average price of $276.02.
Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts' consensus estimates of $3.31 by ($0.01). The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.11 billion. Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.25 earnings per share. As a group, equities analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.
Norfolk Southern Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Friday, November 7th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, November 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. Norfolk Southern's dividend payout ratio is 41.19%.
Analysts Set New Price Targets
NSC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Norfolk Southern from $290.00 to $354.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. BMO Capital Markets lifted their price target on Norfolk Southern from $285.00 to $305.00 and gave the company a "market perform" rating in a research note on Friday, October 24th. Evercore ISI raised their price objective on shares of Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Robert W. Baird set a $293.00 target price on shares of Norfolk Southern in a report on Friday. Finally, Benchmark reaffirmed a "hold" rating on shares of Norfolk Southern in a research note on Monday, October 27th. Seven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $300.75.
Read Our Latest Stock Report on Norfolk Southern
Institutional Trading of Norfolk Southern
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Norfolk Southern by 2.2% in the 3rd quarter. Allworth Financial LP now owns 11,348 shares of the railroad operator's stock worth $3,409,000 after purchasing an additional 249 shares during the period. IFP Advisors Inc raised its stake in Norfolk Southern by 1.2% during the third quarter. IFP Advisors Inc now owns 15,246 shares of the railroad operator's stock worth $4,783,000 after buying an additional 181 shares during the last quarter. Cambria Investment Management L.P. raised its stake in Norfolk Southern by 15.2% during the third quarter. Cambria Investment Management L.P. now owns 2,962 shares of the railroad operator's stock worth $890,000 after buying an additional 390 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Norfolk Southern by 3.6% in the third quarter. CIBC Private Wealth Group LLC now owns 43,699 shares of the railroad operator's stock valued at $13,128,000 after buying an additional 1,509 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in Norfolk Southern during the third quarter valued at $61,882,000. Institutional investors and hedge funds own 75.10% of the company's stock.
Norfolk Southern Company Profile
(
Get Free Report)
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.
Further Reading
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