Rep. Jefferson Shreve Sells Off Shares of Norfolk Southern Co. (NYSE:NSC)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Norfolk Southern Co. NYSE: NSC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Norfolk Southern stock on April 11th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Norfolk Southern Price Performance

NSC stock traded up $15.66 during mid-day trading on Monday, hitting $239.16. The company had a trading volume of 1,491,546 shares, compared to its average volume of 1,213,673. The company has a 50-day moving average price of $225.87 and a 200 day moving average price of $242.68. Norfolk Southern Co. has a 12-month low of $201.63 and a 12-month high of $277.60. The company has a market capitalization of $53.92 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.31 and a beta of 1.30. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 EPS. On average, research analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 2nd will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.26%. Norfolk Southern's dividend payout ratio is 36.89%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark reiterated a "buy" rating and set a $285.00 price objective on shares of Norfolk Southern in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on Norfolk Southern in a research report on Friday, March 7th. They issued a "buy" rating and a $293.00 price target for the company. Stephens upped their price objective on Norfolk Southern from $260.00 to $275.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Barclays dropped their target price on Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their price target on Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Norfolk Southern currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.10.

Institutional Investors Weigh In On Norfolk Southern

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Norfolk Southern by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator's stock worth $4,813,114,000 after acquiring an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Norfolk Southern by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator's stock valued at $2,020,318,000 after purchasing an additional 918,559 shares in the last quarter. Geode Capital Management LLC increased its holdings in Norfolk Southern by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,694,573 shares of the railroad operator's stock valued at $1,098,472,000 after buying an additional 113,648 shares during the period. Boston Partners increased its holdings in Norfolk Southern by 16.9% during the fourth quarter. Boston Partners now owns 4,020,392 shares of the railroad operator's stock valued at $945,385,000 after buying an additional 580,293 shares during the period. Finally, EdgePoint Investment Group Inc. raised its stake in Norfolk Southern by 1.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 3,968,582 shares of the railroad operator's stock worth $931,426,000 after buying an additional 75,865 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.