Insider Selling: Norfolk Southern Corp. (NSC) VP Sells 1,000 Shares of Stock
Norfolk Southern Corp. (NYSE:NSC) VP Thomas E. Hurlbut sold 1,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $142.90, for a total value of $142,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Norfolk Southern Corp. (NYSE:NSC) opened at $138.90 on Thursday. Norfolk Southern Corp. has a 12 month low of $109.27 and a 12 month high of $157.15. The firm has a market cap of $39,768.13, a PE ratio of 21.12, a PEG ratio of 1.38 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56.
Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts expect that Norfolk Southern Corp. will post 8.44 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in NSC. Krilogy Financial LLC boosted its stake in shares of Norfolk Southern by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after buying an additional 22 shares during the period. Sawyer & Company Inc acquired a new stake in shares of Norfolk Southern during the fourth quarter worth about $104,000. Arcadia Investment Management Corp MI boosted its stake in shares of Norfolk Southern by 165.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock worth $121,000 after buying an additional 520 shares during the period. Atlantic Trust LLC acquired a new stake in shares of Norfolk Southern during the second quarter worth about $144,000. Finally, Welch Investments LLC acquired a new stake in shares of Norfolk Southern during the fourth quarter worth about $156,000. Institutional investors and hedge funds own 73.77% of the company’s stock.
Several research firms recently commented on NSC. Cleveland Research reissued a “hold” rating on shares of Norfolk Southern in a report on Monday, January 15th. Scotiabank raised Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Friday, January 12th. Loop Capital increased their target price on Norfolk Southern to $144.00 and gave the company a “sell” rating in a report on Friday, January 12th. Royal Bank of Canada reissued a “sell” rating and issued a $137.00 target price on shares of Norfolk Southern in a report on Tuesday, January 9th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $177.00 target price on shares of Norfolk Southern in a report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $140.85.
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About Norfolk Southern
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.
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