Old Dominion Freight Line

In its Q2 2026 investor letter, Weitz Investment Large Cap Equity Fund said it sold its profitable position in Old Dominion Freight Line (ODFL) once the share price rose above the fund's estimate of business value. The firm cited respect for ODFL's management and operational progress but believes current prices already reflect strong volume recovery, pricing and operating-ratio improvements. Weitz added it would consider repurchasing the stock if it trades back to a more attractive valuation. » More on finance.yahoo.com

Old Dominion Freight Line fell 6.1% in premarket trading, even though the company reported Q2 EPS of $1.68 (expectation $1.51) and revenue of $1.55 billion (expectation $1.52 billion). The decline is being seen as a classic "sell-the-news" reaction, after the stock had already risen about 47% year-to-date and analysts' upgrades and higher price targets had priced in optimism. Additional selling pressure came from insider sales of roughly $4.2 million and assessments that the stock is overvalued. Investors are focused on the management conference call at 10:00 a.m. ET, where guidance on freight volumes and cost trends is expected. » More on de.investing.com

The board of directors of Old Dominion Freight Line declared a quarterly cash dividend of $0.29 per common share, payable on September 16, 2026 to shareholders of record at the close of business on September 2, 2026. The payment represents an increase of 3.6% versus the quarterly dividend paid in September 2025. Old Dominion Freight Line is a North American provider of less-than-truckload (LTL) freight as well as express and logistics services. » More on de.investing.com