Norfolk Souther Corporation (NYSE:NSC) COO Michael Joseph Wheeler sold 3,568 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $133.00, for a total transaction of $474,544.00. Following the transaction, the chief operating officer now directly owns 15,837 shares in the company, valued at approximately $2,106,321. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Michael Joseph Wheeler also recently made the following trade(s):

  • On Friday, August 25th, Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock. The shares were sold at an average price of $118.68, for a total transaction of $281,271.60.

Shares of Norfolk Souther Corporation (NSC) traded down 0.07% on Monday, hitting $133.55. 237,345 shares of the company’s stock traded hands. Norfolk Souther Corporation has a 1-year low of $90.98 and a 1-year high of $134.52. The company has a market cap of $38.49 billion, a price-to-earnings ratio of 21.70 and a beta of 1.38. The firm’s 50-day moving average price is $130.30 and its 200 day moving average price is $121.41.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Norfolk Souther Corporation had a return on equity of 14.72% and a net margin of 17.86%. Norfolk Souther Corporation’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 EPS. On average, equities research analysts expect that Norfolk Souther Corporation will post $6.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 3rd will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.83%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 38.36%.

Norfolk Souther Corporation announced that its Board of Directors has approved a share repurchase plan on Tuesday, September 26th that authorizes the company to repurchase 50,000,000 shares. This repurchase authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/30/norfolk-souther-corporation-nsc-coo-sells-474544-00-in-stock.html.

Several hedge funds have recently made changes to their positions in NSC. Highstreet Asset Management Inc. bought a new stake in Norfolk Souther Corporation during the 1st quarter worth approximately $1,363,000. Private Advisor Group LLC increased its stake in Norfolk Souther Corporation by 59.3% during the 1st quarter. Private Advisor Group LLC now owns 26,915 shares of the railroad operator’s stock worth $1,948,000 after purchasing an additional 10,014 shares in the last quarter. Delta Lloyd NV increased its stake in Norfolk Souther Corporation by 5.5% during the 1st quarter. Delta Lloyd NV now owns 55,876 shares of the railroad operator’s stock worth $6,565,000 after purchasing an additional 2,907 shares in the last quarter. Congress Asset Management Co. MA increased its stake in Norfolk Souther Corporation by 1.3% during the 1st quarter. Congress Asset Management Co. MA now owns 43,949 shares of the railroad operator’s stock worth $4,921,000 after purchasing an additional 559 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Norfolk Souther Corporation by 1.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 9,219 shares of the railroad operator’s stock worth $1,032,000 after purchasing an additional 118 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

Several research firms have commented on NSC. TD Securities raised their target price on shares of Norfolk Souther Corporation from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday. Loop Capital raised their target price on shares of Norfolk Souther Corporation from $127.00 to $133.00 and gave the company a “hold” rating in a research note on Thursday. UBS AG raised their target price on shares of Norfolk Souther Corporation from $133.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of Norfolk Souther Corporation from $127.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on shares of Norfolk Souther Corporation from $75.00 to $78.00 and gave the company an “underweight” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $123.61.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.

Insider Buying and Selling by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Receive News & Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related companies with MarketBeat.com's FREE daily email newsletter.