Norfolk Southern (NYSE:NSC) Shares Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Norfolk Southern Co. NYSE: NSC. In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Norfolk Southern stock on February 25th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 2/25/2025.
• Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 2/24/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 2/24/2025.
• Sold $1,001 - $15,000 in shares of The PNC Financial Services Group NYSE: PNC on 2/24/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 2/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/24/2025.
• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 2/24/2025.
• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 2/14/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 2/14/2025.
• Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 2/14/2025.

Norfolk Southern Stock Performance

Shares of NYSE NSC traded up $5.06 during midday trading on Friday, reaching $232.75. 1,080,968 shares of the company traded hands, compared to its average volume of 1,165,585. 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 current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $52.70 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.31 and a beta of 1.35. The stock has a 50-day moving average price of $246.36 and a 200 day moving average price of $250.58.

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Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, topping the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Sell-side analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were paid 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 2.32%. Norfolk Southern's payout ratio is currently 46.71%.

Insiders Place Their Bets

In other Norfolk Southern news, Director Gilbert H. Lamphere purchased 607 shares of the business's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the purchase, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on NSC shares. Deutsche Bank Aktiengesellschaft assumed coverage on Norfolk Southern in a research report on Friday, March 7th. They issued a "buy" rating and a $293.00 price target on the stock. Loop Capital downgraded shares of Norfolk Southern from a "buy" rating to a "hold" rating and cut their price target for the company from $289.00 to $256.00 in a research report on Monday, February 3rd. Susquehanna decreased their price target on shares of Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of "Moderate Buy" and a consensus target price of $276.95.

Institutional Investors Weigh In On Norfolk Southern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in Norfolk Southern during the 4th quarter valued at about $27,000. Keystone Financial Group Inc. purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in Norfolk Southern in the 4th quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Norfolk Southern in the 4th quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Norfolk Southern in the 4th quarter valued at $28,000. Institutional investors own 75.10% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Norfolk Southern

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.