Richard H. Anderson, a director at Norfolk Southern Corp (NYSE:NSC), recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. The railroad giant, currently valued at approximately $56 billion, has maintained a "FAIR" Financial Health score according to InvestingPro analysis. On December 13, Anderson purchased a total of 400 shares of common stock through two separate transactions. The shares were bought at prices ranging from $248.605 to $248.69 per share, amounting to a total investment of approximately $99,459. These shares are held indirectly by the Anderson Revocable Trust. Following these transactions, Anderson's total holdings stand at 4,400 shares. The company has maintained dividend payments for 43 consecutive years, with analysts setting price targets ranging from $175 to $316. For comprehensive insider trading analysis and additional insights, InvestingPro subscribers can access detailed research reports covering over 1,400 US stocks.
In other recent news, Norfolk Southern Corporation (NYSE:NSC) has seen a flurry of activity. The rail transport company reported a 23% increase in adjusted earnings per share, reaching $3.25, and a 3% rise in revenue, totaling $3.05 billion. RBC (TSX:RY) Capital revised its price target for the firm to $275, maintaining an Outperform rating, while TD (TSX:TD) Cowen held a Hold rating and raised its price target to $259. Loop Capital also adjusted its price target, raising it to $287 and maintaining a Buy rating.
The company made strides in governance by appointing a new independent director to its Board of Directors, following an agreement with Ancora Holdings Group. Additionally, Norfolk Southern formed a Customer Advisory Board, aiming to align its operations more closely with the evolving needs of its clientele. These recent developments reflect the company's ongoing efforts to enhance its operations and governance.
In the airline industry, American Airlines Group (NASDAQ:AAL) Inc. and Southwest Airlines (NYSE:LUV) Co. provided positive updates, with American Airlines announcing a new co-branded credit card deal and Southwest Airlines reporting early successes in their business model adjustments. Conversely, JetBlue Airways (NASDAQ:JBLU) Corp. faced analyst downgrades from Goldman Sachs (NYSE:GS) and Citi.
In the rail sector, CSX Corporation (NASDAQ:CSX) expects its fourth quarter to be negatively impacted by adverse weather conditions and a bleak coal export forecast. However, J.B. Hunt Transport Services Inc. was recognized as one of Newsweek's most reliable companies of 2025. These are among the recent developments in the transportation sector.
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