Tirschwell & Loewy Inc. held its position in shares of Norfolk Souther Corporation (NYSE:NSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the railroad operator’s stock at the end of the 2nd quarter. Tirschwell & Loewy Inc.’s holdings in Norfolk Souther Corporation were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its stake in Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after buying an additional 12,311 shares in the last quarter. MCF Advisors LLC boosted its stake in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Souther Corporation (NYSE NSC) opened at 123.92 on Monday. The company has a market capitalization of $35.71 billion, a P/E ratio of 20.14 and a beta of 1.32. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $125.31. The stock’s 50 day moving average price is $117.91 and its 200-day moving average price is $118.07.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. The company 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%. Norfolk Souther Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. On average, equities research analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

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In related 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 transaction of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares in the company, valued at approximately $9,173,895.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Joseph Wheeler sold 2,370 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the sale, the chief operating officer now owns 13,492 shares of the company’s stock, valued at $1,601,230.56. The disclosure for this sale can be found here. Insiders have sold a total of 27,077 shares of company stock valued at $3,244,531 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Several research firms recently weighed in on NSC. Cowen and Company reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $124.00 price objective (up from $122.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. Zacks Investment Research lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Deutsche Bank AG lowered 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 note on Monday, July 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 13th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $112.59.

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

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