Traders purchased shares of Norfolk Souther Corporation (NYSE:NSC) on weakness during trading on Monday following insider selling activity. $76.49 million flowed into the stock on the tick-up and $30.42 million flowed out of the stock on the tick-down, for a money net flow of $46.07 million into the stock. Of all stocks tracked, Norfolk Souther Corporation had the 20th highest net in-flow for the day. Norfolk Souther Corporation traded down ($0.45) for the day and closed at $117.76Specifically, Chairman James A. Squires sold 24,407 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Joseph Wheeler sold 2,370 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.68, for a total transaction of $281,271.60. Following the completion of the sale, the chief operating officer now owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

NSC has been the topic of several recent research reports. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Wednesday, May 3rd. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $133.00 target price (down previously from $139.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. They noted that the move was a valuation call. Deutsche Bank AG lowered shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $132.00 to $104.00 in a research note on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $124.00 target price (up previously from $122.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $112.35.

The firm’s 50-day moving average price is $118.32 and its 200 day moving average price is $118.11. The company has a market cap of $33.94 billion, a PE ratio of 19.14 and a beta of 1.33.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is 39.61%.

Hedge funds have recently modified their holdings of the company. First Manhattan Co. boosted its stake 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 boosted its stake 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. boosted its stake 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 stake in shares of Norfolk Souther Corporation during the first quarter worth approximately $456,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake 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. Institutional investors and hedge funds own 70.63% of the company’s stock.

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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.

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