Rep. Marjorie Taylor Greene Buys Norfolk Southern Co. (NYSE:NSC) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Norfolk Southern Co. NYSE: NSC. In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Norfolk Southern stock on December 24th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 12/24/2024.

Norfolk Southern Stock Performance

NYSE NSC traded up $1.21 on Tuesday, reaching $234.70. 942,253 shares of the company's stock traded hands, compared to its average volume of 1,245,022. The stock has a 50 day moving average price of $256.46 and a 200-day moving average price of $244.85. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company earned $2.65 earnings per share. Norfolk Southern's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, November 1st. Norfolk Southern's dividend payout ratio (DPR) is currently 50.70%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Wells Fargo & Company raised their target price on Norfolk Southern from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. TD Cowen upped their price target on Norfolk Southern from $253.00 to $259.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised their price objective on Norfolk Southern from $285.00 to $286.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their target price on shares of Norfolk Southern from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $275.68.

Insiders Place Their Bets

In other news, Director Sameh Fahmy purchased 350 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the transaction, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Norfolk Southern

Several institutional investors and hedge funds have recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in Norfolk Southern in the third quarter valued at approximately $25,000. Morse Asset Management Inc acquired a new position in shares of Norfolk Southern in the 3rd quarter valued at $30,000. HWG Holdings LP purchased a new position in shares of Norfolk Southern during the 2nd quarter worth $31,000. Coastline Trust Co purchased a new stake in Norfolk Southern in the 3rd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Norfolk Southern in the third quarter valued at about $33,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.