Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $185.00 at Wolfe Research

Old Dominion Freight Line (NASDAQ:ODFL) had its target price lifted by Wolfe Research from $183.00 to $185.00 in a research note published on Tuesday,MarketScreener reports. Wolfe Research currently has an underperform rating on the transportation company’s stock.

Several other equities analysts have also commented on ODFL. Jefferies Financial Group increased their price objective on shares of Old Dominion Freight Line from $195.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Barclays set a $185.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price target on shares of Old Dominion Freight Line in a report on Wednesday, February 4th. Robert W. Baird downgraded shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $166.00 to $204.00 in a report on Thursday, February 5th. Finally, Raymond James Financial increased their price target on shares of Old Dominion Freight Line from $180.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $194.92.

Old Dominion Freight Line Stock Up 3.2%

Shares of Old Dominion Freight Line stock traded up $6.42 during midday trading on Tuesday, hitting $205.35. The company had a trading volume of 520,647 shares, compared to its average volume of 2,327,371. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 4.18 and a beta of 1.20. The company has a fifty day simple moving average of $192.84 and a 200 day simple moving average of $164.40. Old Dominion Freight Line has a 12-month low of $126.01 and a 12-month high of $221.63.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. Old Dominion Freight Line’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. As a group, analysts expect that Old Dominion Freight Line will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.29 per share. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Old Dominion Freight Line’s payout ratio is 24.02%.

Insider Activity

In other Old Dominion Freight Line news, insider Earl E. Congdon sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $196.13, for a total value of $4,903,250.00. Following the completion of the sale, the insider directly owned 2,162,113 shares of the company’s stock, valued at $424,055,222.69. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David S. Congdon sold 52,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $194.77, for a total value of $10,128,040.00. Following the sale, the chairman directly owned 712,800 shares of the company’s stock, valued at $138,832,056. The trade was a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 80,134 shares of company stock worth $15,640,132 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Old Dominion Freight Line by 175.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 123 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Old Dominion Freight Line by 100.0% in the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 98 shares in the last quarter. Reflection Asset Management purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $28,000. DT Investment Partners LLC lifted its position in Old Dominion Freight Line by 600.0% during the fourth quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock worth $33,000 after buying an additional 180 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in Old Dominion Freight Line during the third quarter worth about $37,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Key Stories Impacting Old Dominion Freight Line

Here are the key news stories impacting Old Dominion Freight Line this week:

• Positive Sentiment: Morgan Stanley raised its price target to $215, signaling more bullish expectations for ODFL after signs of freight recovery. Article Title
• Positive Sentiment: Wells Fargo upgraded Old Dominion to Equal Weight (from Underweight) and lifted its target to $200, citing resilience in freight volumes — a clear vote of confidence that likely supported buying. Article Title
• Neutral Sentiment: Citigroup nudged its target to $218 and kept a Neutral rating — a modestly constructive move that implies upside but stops short of a buy recommendation. Article Title
• Negative Sentiment: JPMorgan raised its target slightly to $183 but kept a Neutral rating; that target sits below the recent market price and represents downside risk under their view. Article Title
• Negative Sentiment: Wolfe Research bumped its target to $185 but maintained an Underperform rating, signaling continued downside bias from that shop despite the small target increase. Article Title

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.