Sameh Fahmy Acquires 1,000 Shares of Norfolk Southern Co. (NYSE:NSC) Stock

Norfolk Southern Co. (NYSE:NSC - Get Free Report) Director Sameh Fahmy acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at $2,550,000. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sameh Fahmy also recently made the following trade(s):

• On Thursday, August 1st, Sameh Fahmy bought 700 shares of Norfolk Southern stock. The stock was purchased at an average cost of $245.15 per share, for a total transaction of $171,605.00.

Norfolk Southern Stock Performance

Norfolk Southern stock traded down $2.33 on Friday, reaching $251.09. 1,027,380 shares of the stock were exchanged, compared to its average volume of 1,259,482. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average price of $249.01 and a two-hundred day moving average price of $236.99. The stock has a market cap of $56.77 billion, a PE ratio of 23.61, a PEG ratio of 2.48 and a beta of 1.31. Norfolk Southern Co. has a twelve month low of $183.76 and a twelve month high of $263.66.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $2.65 EPS. Sell-side analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.15%. Norfolk Southern's payout ratio is 50.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI decreased their price objective on Norfolk Southern from $276.00 to $274.00 and set an "outperform" rating for the company in a report on Wednesday. Stifel Nicolaus boosted their price objective on Norfolk Southern from $241.00 to $245.00 and gave the stock a "hold" rating in a research note on Friday, October 11th. Royal Bank of Canada raised their price target on shares of Norfolk Southern from $272.00 to $282.00 and gave the stock an "outperform" rating in a research note on Wednesday. Jefferies Financial Group raised their target price on Norfolk Southern from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein raised their target price on Norfolk Southern from $285.00 to $286.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 9th. One investment 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $274.16.

Institutional Trading of Norfolk Southern

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners boosted its stake in shares of Norfolk Southern by 157.1% in the first quarter. Boston Partners now owns 2,890,665 shares of the railroad operator's stock valued at $735,749,000 after buying an additional 1,766,135 shares during the period. Vanguard Group Inc. grew its stake in shares of Norfolk Southern by 5.9% in the first quarter. Vanguard Group Inc. now owns 19,623,690 shares of the railroad operator's stock worth $5,001,490,000 after purchasing an additional 1,088,072 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Norfolk Southern by 25,181.8% in 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. American Century Companies Inc. increased its position in shares of Norfolk Southern by 17.3% during the second quarter. American Century Companies Inc. now owns 3,356,590 shares of the railroad operator's stock worth $720,626,000 after buying an additional 496,088 shares during the period. Finally, EdgePoint Investment Group Inc. grew its holdings in Norfolk Southern by 10.2% during the 1st quarter. EdgePoint Investment Group Inc. now owns 3,752,050 shares of the railroad operator's stock worth $956,285,000 after acquiring an additional 347,852 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

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.