Twin Capital Management Inc. increased its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,880 shares of the railroad operator’s stock after purchasing an additional 2,620 shares during the period. Twin Capital Management Inc.’s holdings in Norfolk Souther Corporation were worth $4,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Norfolk Souther Corporation by 3,039.1% during the 1st quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock worth $2,189,172,000 after purchasing an additional 18,928,598 shares during the last quarter. State Street Corp raised its position in shares of Norfolk Souther Corporation by 2.2% during the 1st quarter. State Street Corp now owns 12,960,797 shares of the railroad operator’s stock worth $1,451,226,000 after purchasing an additional 281,088 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Norfolk Souther Corporation by 936.1% during the 1st quarter. Alliancebernstein L.P. now owns 5,378,457 shares of the railroad operator’s stock worth $602,226,000 after purchasing an additional 4,859,355 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Norfolk Souther Corporation by 31.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,209,269 shares of the railroad operator’s stock worth $471,313,000 after purchasing an additional 1,016,319 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Norfolk Souther Corporation by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,503,800 shares of the railroad operator’s stock worth $392,383,000 after purchasing an additional 30,856 shares during the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.

A number of analysts have commented on NSC shares. Cowen and Company reiterated an “outperform” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $124.00 price objective (up previously from $122.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and cut their price objective for the company from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $139.00 price objective (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. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $115.00.

In related news, COO Michael Joseph Wheeler sold 2,370 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 13,492 shares of the company’s stock, valued at $1,601,230.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. Insiders have sold 27,077 shares of company stock valued at $3,244,531 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Norfolk Souther Corporation (NYSE:NSC) opened at 128.04 on Monday. The company’s 50 day moving average is $119.36 and its 200-day moving average is $118.26. The stock has a market cap of $36.90 billion, a PE 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.

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 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 firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. Norfolk Souther Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

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

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Norfolk Souther Corporation 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.

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

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