Norfolk Souther Corporation (NYSE:NSC) VP Thomas E. Hurlbut sold 6,175 shares of Norfolk Souther Corporation stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $129.61, for a total transaction of $800,341.75. Following the completion of the transaction, the vice president now directly owns 7,568 shares in the company, valued at approximately $980,888.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norfolk Souther Corporation (NYSE:NSC) traded up $0.13 on Thursday, reaching $129.23. 621,000 shares of the company’s stock were exchanged, compared to its average volume of 1,759,895. Norfolk Souther Corporation has a 1 year low of $102.77 and a 1 year high of $134.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.83 and a quick ratio of 0.73. The firm has a market capitalization of $36,941.81, a P/E ratio of 20.30, a P/E/G ratio of 1.66 and a beta of 1.37.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.11. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. analysts forecast that Norfolk Souther Corporation will post 6.48 earnings per share for the current fiscal year.

Norfolk Souther Corporation announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 26th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced 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 annualized dividend and a dividend yield of 1.89%. Norfolk Souther Corporation’s dividend payout ratio is presently 38.36%.

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Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Norfolk Souther Corporation by 3,039.1% in the first quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock valued at $2,189,172,000 after buying an additional 18,928,598 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Norfolk Souther Corporation by 2,921.5% in the third quarter. Commonwealth Bank of Australia now owns 1,277,777 shares of the railroad operator’s stock valued at $168,353,000 after buying an additional 1,235,488 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Norfolk Souther Corporation by 17.1% in the second quarter. Lazard Asset Management LLC now owns 6,343,533 shares of the railroad operator’s stock valued at $772,007,000 after buying an additional 925,496 shares during the last quarter. FMR LLC raised its holdings in shares of Norfolk Souther Corporation by 13.0% in the second quarter. FMR LLC now owns 6,618,986 shares of the railroad operator’s stock valued at $805,530,000 after buying an additional 762,416 shares during the last quarter. Finally, Investec Asset Management LTD raised its holdings in shares of Norfolk Souther Corporation by 83.8% in the second quarter. Investec Asset Management LTD now owns 1,521,453 shares of the railroad operator’s stock valued at $185,161,000 after buying an additional 693,463 shares during the last quarter. Institutional investors own 71.63% of the company’s stock.

A number of equities analysts have recently commented on NSC shares. UBS Group AG reissued a “buy” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a research report on Monday, August 14th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Monday, August 7th. Credit Suisse Group reissued a “buy” rating and issued a $143.00 price target (up previously from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Argus lifted their price target on shares of Norfolk Souther Corporation from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Norfolk Souther Corporation has an average rating of “Hold” and a consensus price target of $127.62.

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)

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