Barrow Hanley Mewhinney & Strauss LLC decreased its position in Norfolk Souther Corporation (NYSE:NSC) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,751,121 shares of the railroad operator’s stock after selling 176,139 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.60% of Norfolk Souther Corporation worth $196,073,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of Norfolk Souther Corporation by 9.0% in the first quarter. Fifth Third Bancorp now owns 293,431 shares of the railroad operator’s stock worth $32,855,000 after buying an additional 24,238 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Norfolk Souther Corporation by 2.7% in the first quarter. Segall Bryant & Hamill LLC now owns 2,568 shares of the railroad operator’s stock worth $288,000 after buying an additional 68 shares in the last quarter. South Dakota Investment Council increased its stake in shares of Norfolk Souther Corporation by 339.6% in the first quarter. South Dakota Investment Council now owns 199,658 shares of the railroad operator’s stock worth $22,356,000 after buying an additional 154,238 shares in the last quarter. Capital Planning Advisors LLC bought a new stake in shares of Norfolk Souther Corporation during the first quarter worth about $268,000. Finally, Legal & General Group Plc increased its stake in shares of Norfolk Souther Corporation by 2.9% in the first quarter. Legal & General Group Plc now owns 1,539,726 shares of the railroad operator’s stock worth $172,414,000 after buying an additional 43,617 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Norfolk Souther Corporation (NYSE NSC) traded up 0.96% on Friday, reaching $118.63. The company had a trading volume of 1,448,245 shares. Norfolk Souther Corporation has a one year low of $89.92 and a one year high of $125.31. The company’s 50-day moving average is $118.72 and its 200-day moving average is $118.14. The company has a market capitalization of $34.19 billion, a PE ratio of 19.28 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities research analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

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A number of brokerages recently issued reports on NSC. UBS AG reissued a “buy” rating and set a $133.00 price target on shares of Norfolk Souther Corporation in a research report on Monday, August 14th. BidaskClub raised Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Monday, August 7th. Cowen and Company restated an “outperform” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $132.00 to $104.00 in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $112.35.

In other news, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the sale, the vice president now owns 4,300 shares in the company, valued at $501,122. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman James A. Squires sold 24,407 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the sale, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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