Benjamin F. Edwards & Company Inc. boosted its stake in Norfolk Souther Corporation (NYSE:NSC) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,783 shares of the railroad operator’s stock after buying an additional 971 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Norfolk Souther Corporation were worth $1,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSC. First Manhattan Co. increased its position in shares of Norfolk Souther Corporation by 16.6% in the first quarter. First Manhattan Co. now owns 12,984 shares of the railroad operator’s stock worth $1,260,000 after buying an additional 1,848 shares during the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Pillar Pacific Capital Management LLC now owns 58,450 shares of the railroad operator’s stock worth $6,544,000 after buying an additional 520 shares during the last quarter. Lee Danner & Bass Inc. increased its position in shares of Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares during the last quarter. Israel Discount Bank of New York bought a new position in shares of Norfolk Souther Corporation during the first quarter worth about $456,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Norfolk Souther Corporation by 11.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 8,326 shares of the railroad operator’s stock worth $932,000 after buying an additional 856 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors.

Norfolk Souther Corporation (NSC) opened at 118.94 on Thursday. The company has a 50-day moving average of $118.54 and a 200-day moving average of $118.12. The company has a market cap of $34.28 billion, a PE ratio of 19.33 and a beta of 1.33. 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 quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts expect that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.05%. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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A number of research analysts have issued reports on NSC shares. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Wednesday, May 3rd. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and set a $133.00 price objective on shares of Norfolk Souther Corporation in a research report on Sunday, May 28th. Deutsche Bank AG downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $132.00 to $104.00 in a research report on Monday, July 31st. Finally, TD Securities reissued a “hold” rating on shares of Norfolk Souther Corporation in a research report on Thursday, April 27th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Norfolk Souther Corporation currently has an average rating of “Hold” and a consensus price target of $112.35.

In other news, Chairman James A. Squires sold 24,407 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total value of $2,927,619.65. Following the transaction, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation Company Profile

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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