Insider Selling: Deborah H. Butler Unloads 10,000 Shares of Norfolk Southern Corp. Stock (NSC)
Norfolk Southern Corp. (NYSE:NSC) VP Deborah H. Butler sold 10,000 shares of Norfolk Southern Corp. stock on the open market in a transaction dated Thursday, January 30th. The stock was sold at an average price of $92.00, for a total transaction of $920,000.00. Following the transaction, the vice president now directly owns 52,214 shares of the company’s stock, valued at approximately $4,803,688. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on NSC shares. Analysts at Merrill Lynch upgraded shares of Norfolk Southern Corp. to a “buy” rating in a research note to investors on Thursday, January 23rd. Separately, analysts at Barclays raised their price target on shares of Norfolk Southern Corp. from $93.00 to $101.00 in a research note to investors on Thursday, January 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Norfolk Southern Corp. from $91.00 to $96.00 in a research note to investors on Thursday, January 23rd. They now have a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Norfolk Southern Corp. currently has an average rating of “Buy” and an average price target of $94.14.
Norfolk Southern Corp. (NYSE:NSC) traded down 0.18% on Friday, hitting $92.59. 2,540,948 shares of the company’s stock traded hands. Norfolk Southern Corp. has a 52-week low of $68.18 and a 52-week high of $95.10. The stock’s 50-day moving average is $90.89 and its 200-day moving average is $82.42. The company has a market cap of $28.599 billion and a P/E ratio of 15.36.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.14. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Norfolk Southern Corp. will post $6.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Friday, February 7th will be given a dividend of 0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Norfolk Southern Corp.’s previous quarterly dividend of $0.52.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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