Norfolk Southern Co. (NYSE:NSC) Director Sameh Fahmy Purchases 350 Shares

Norfolk Southern Co. (NYSE:NSC) Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed 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, for a total transaction of $255,000.00.

Norfolk Southern Price Performance

Shares of NYSE NSC traded down $2.09 during midday trading on Friday, reaching $246.22. 1,043,099 shares of the company traded hands, compared to its average volume of 1,243,829. The firm has a market cap of $55.70 billion, a PE ratio of 23.23, a PEG ratio of 2.35 and a beta of 1.31. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The stock’s 50-day simple moving average is $259.19 and its 200-day simple moving average is $243.36.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.14. The firm 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%. Norfolk Southern’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 EPS. As a group, equities analysts anticipate that Norfolk Southern Co. will post 11.82 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

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

Analyst Upgrades and Downgrades

NSC has been the topic of several analyst reports. Citigroup increased their price target on Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research note on Friday, October 11th. Susquehanna upped their price target on shares of Norfolk Southern from $280.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen lifted their price objective on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, UBS Group increased their target price on Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NSC. Mirae Asset Global Investments Co. Ltd. increased its stake in Norfolk Southern by 20.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock worth $3,556,000 after purchasing an additional 2,453 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Norfolk Southern by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 533,459 shares of the railroad operator’s stock worth $132,565,000 after acquiring an additional 3,621 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Norfolk Southern by 25,181.8% during the third quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock worth $222,025,000 after acquiring an additional 889,925 shares during the period. Seven Eight Capital LP bought a new stake in Norfolk Southern in the 2nd quarter valued at $1,676,000. Finally, Dakota Wealth Management boosted its stake in Norfolk Southern by 2.1% in the 3rd quarter. Dakota Wealth Management now owns 7,206 shares of the railroad operator’s stock worth $1,791,000 after purchasing an additional 150 shares during the period. 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.