Croft Leominster Inc. decreased its position in Norfolk Souther Corporation (NYSE:NSC) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,195 shares of the railroad operator’s stock after selling 226 shares during the period. Croft Leominster Inc.’s holdings in Norfolk Souther Corporation were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hills Bank & Trust Co. raised its position in Norfolk Souther Corporation by 1.8% in the first quarter. Hills Bank & Trust Co. now owns 9,653 shares of the railroad operator’s stock valued at $1,081,000 after buying an additional 168 shares during the period. West Oak Capital LLC raised its position in Norfolk Souther Corporation by 4.7% in the first quarter. West Oak Capital LLC now owns 12,638 shares of the railroad operator’s stock valued at $1,415,000 after buying an additional 570 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Norfolk Souther Corporation by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 267,991 shares of the railroad operator’s stock valued at $30,007,000 after buying an additional 5,074 shares during the period. McQueen Ball & Associates Inc. raised its position in Norfolk Souther Corporation by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 17,241 shares of the railroad operator’s stock valued at $1,930,000 after buying an additional 50 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in Norfolk Souther Corporation by 11.6% in the first quarter. Franklin Street Advisors Inc. NC now owns 16,385 shares of the railroad operator’s stock valued at $1,835,000 after buying an additional 1,700 shares during the period. 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% during midday trading on Friday, reaching $118.63. 1,448,245 shares of the company were exchanged. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 19.28 and a beta of 1.33. The company’s 50-day moving average price is $118.72 and its 200 day moving average price is $118.14. Norfolk Souther Corporation has a 52-week low of $89.92 and a 52-week high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last released its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business earned $1.36 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

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Several equities analysts recently commented on the company. ValuEngine raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $139.00 target price (up previously from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “buy” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Scotiabank lowered Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Norfolk Souther Corporation has a consensus rating of “Hold” and an average target price of $112.35.

In other news, Chairman James A. Squires sold 24,407 shares of the business’s 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 $9,173,895.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 802 shares of the business’s 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 approximately $501,122. The disclosure for this sale can be found here. 0.36% of the stock is 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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