Representative Jefferson Shreve (R-Indiana) recently sold shares of Norfolk Southern Co. NYSE: NSC. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Norfolk Southern stock on February 24th.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of AvalonBay Communities NYSE: AVB on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
Norfolk Southern Stock Performance
NSC traded down $5.75 during trading on Tuesday, reaching $233.35. The company's stock had a trading volume of 1,318,576 shares, compared to its average volume of 1,161,894. The company has a market capitalization of $52.84 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. The company's fifty day moving average price is $246.61 and its 200-day moving average price is $250.93. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90.
Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. On average, equities analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.
Norfolk Southern Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.31%. Norfolk Southern's payout ratio is currently 46.71%.
Insider Transactions at Norfolk Southern
In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the acquisition, the director now owns 10,350 shares of the company's stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gilbert H. Lamphere acquired 607 shares of the business's stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the transaction, the director now directly owns 2,487 shares of the company's stock, valued at $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company's stock.
Institutional Investors Weigh In On Norfolk Southern
A number of institutional investors have recently bought and sold shares of the stock. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Norfolk Southern by 2.4% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator's stock valued at $435,000 after purchasing an additional 41 shares during the last quarter. Archer Investment Corp grew its position in Norfolk Southern by 2.3% during the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator's stock valued at $481,000 after acquiring an additional 43 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in Norfolk Southern by 16.9% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator's stock worth $71,000 after acquiring an additional 44 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Norfolk Southern by 1.5% in the 4th quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator's stock worth $727,000 after purchasing an additional 45 shares during the period. Finally, Albert D Mason Inc. lifted its stake in shares of Norfolk Southern by 0.7% in the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator's stock valued at $1,615,000 after purchasing an additional 46 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on NSC. Citigroup upped their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Loop Capital downgraded Norfolk Southern from a "buy" rating to a "hold" rating and dropped their price objective for the company from $289.00 to $256.00 in a research note on Monday, February 3rd. Susquehanna decreased their target price on Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Norfolk Southern in a research report on Friday. They issued a "buy" rating and a $293.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Norfolk Southern from $275.00 to $286.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $276.95.
View Our Latest Stock Analysis on NSC
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Norfolk Southern
(
Get Free Report)
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.
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