Hutner Capital Management Inc. trimmed its position in Norfolk Souther Corporation (NYSE:NSC) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,805 shares of the railroad operator’s stock after selling 185 shares during the quarter. Norfolk Souther Corporation accounts for 2.5% of Hutner Capital Management Inc.’s holdings, making the stock its 14th largest holding. Hutner Capital Management Inc.’s holdings in Norfolk Souther Corporation were worth $3,262,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its holdings in shares of Norfolk Souther Corporation by 20.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares during the period. D Orazio & Associates Inc. lifted its holdings in shares of Norfolk Souther Corporation by 0.5% in the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Norfolk Souther Corporation by 35.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Norfolk Souther Corporation by 29.2% in the 1st quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after buying an additional 220 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in shares of Norfolk Souther Corporation by 5.0% in the 2nd quarter. North Star Investment Management Corp. now owns 1,050 shares of the railroad operator’s stock worth $128,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 70.60% of the company’s stock.

Several equities research analysts have weighed in on the company. Cowen and Company reiterated an “outperform” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set 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 cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Deutsche Bank AG cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $132.00 to $104.00 in a research note on Monday, July 31st. Finally, Morgan Stanley restated an “underweight” rating and set a $75.00 price objective (down from $77.00) on shares of Norfolk Souther Corporation in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.56.

In other news, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the sale, the chief operating officer now directly owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at $475,200. The disclosure for this sale can be found here. Insiders sold a total of 27,077 shares of company stock valued at $3,244,531 over the last three months. Company insiders own 0.36% of the company’s stock.

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Norfolk Souther Corporation (NYSE:NSC) opened at 130.46 on Monday. The firm has a market capitalization of $37.60 billion, a price-to-earnings ratio of 21.20 and a beta of 1.38. The stock has a 50 day moving average price of $125.70 and a 200-day moving average price of $119.47. Norfolk Souther Corporation has a one year low of $89.95 and a one year high of $133.81.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Norfolk Souther Corporation will post $6.34 earnings per share for the current fiscal year.

Norfolk Souther Corporation announced that its board has authorized a stock buyback plan on Tuesday, September 26th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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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