Rep. Robert Bresnahan, Jr. Unloads Shares of Norfolk Southern Co. (NYSE:NSC)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Norfolk Southern Co. (NYSE:NSC). In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Norfolk Southern stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Best Buy (NYSE:BBY) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of EOG Resources (NYSE:EOG) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.

Norfolk Southern Trading Up 0.7 %

NSC opened at $223.35 on Wednesday. Norfolk Southern Co. has a one year low of $201.63 and a one year 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. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.31 and a beta of 1.30. The stock’s 50 day moving average price is $229.29 and its 200-day moving average price is $244.58.

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

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 2nd. Norfolk Southern’s payout ratio is currently 36.89%.

Institutional Trading of Norfolk Southern

Several large investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL increased its stake in Norfolk Southern by 16.9% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator’s stock worth $71,000 after buying an additional 44 shares during the period. CoreCap Advisors LLC increased its position in shares of Norfolk Southern by 1.5% during the fourth quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator’s stock worth $727,000 after acquiring an additional 45 shares during the period. Canandaigua National Trust Co of Florida raised its stake in shares of Norfolk Southern by 4.9% in the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock valued at $226,000 after acquiring an additional 45 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Norfolk Southern by 1.8% in the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock valued at $605,000 after purchasing an additional 45 shares during the period. Finally, Albert D Mason Inc. grew its stake in Norfolk Southern by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock worth $1,615,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gilbert H. Lamphere acquired 607 shares of Norfolk Southern stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the acquisition, the director now 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Loop Capital lowered Norfolk Southern from a “buy” rating to a “hold” rating and lowered their price target for the company from $289.00 to $256.00 in a report on Monday, February 3rd. Wells Fargo & Company dropped their price target on Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Jefferies Financial Group dropped their target price on shares of Norfolk Southern from $285.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Stephens upped their price target on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $285.00 price objective on shares of Norfolk Southern in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average price target of $266.10.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.