RiverPoint Capital Management LLC trimmed its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,616 shares of the railroad operator’s stock after selling 16 shares during the period. RiverPoint Capital Management LLC’s holdings in Norfolk Souther Corporation were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pillar Pacific Capital Management LLC lifted its position in shares of Norfolk Souther Corporation by 0.9% during the first quarter. Pillar Pacific Capital Management LLC now owns 58,450 shares of the railroad operator’s stock worth $6,544,000 after acquiring an additional 520 shares in the last quarter. Lee Danner & Bass Inc. lifted its position in shares of Norfolk Souther Corporation by 0.3% during the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after acquiring an additional 7 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Norfolk Souther Corporation during the first quarter worth $456,000. Tyers Asset Management LLC lifted its position in shares of Norfolk Souther Corporation by 78.6% during the first quarter. Tyers Asset Management LLC now owns 17,344 shares of the railroad operator’s stock worth $1,942,000 after acquiring an additional 7,632 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Norfolk Souther Corporation by 11.5% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 8,326 shares of the railroad operator’s stock worth $932,000 after acquiring an additional 856 shares in the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Tuesday, June 27th. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Monday, August 7th. Cowen and Company restated a “buy” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded Norfolk Souther Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, UBS AG restated a “buy” rating and set a $133.00 target price on shares of Norfolk Souther Corporation in a research report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $115.00.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction on Friday, August 25th. The stock was 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 in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,077 shares of company stock worth $3,244,531. Corporate insiders own 0.36% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE NSC) opened at 128.04 on Friday. The stock has a market cap of $36.90 billion, a P/E ratio of 20.81 and a beta of 1.32. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $128.09. The firm’s 50-day moving average price is $119.36 and its 200-day moving average price is $118.26.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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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