Point View Wealth Management Inc. acquired a new position in shares of Norfolk Souther Corporation (NYSE:NSC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,620 shares of the railroad operator’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. bought a new stake in shares of Norfolk Souther Corporation during the 2nd quarter worth $287,000. Korea Investment CORP boosted its holdings in shares of Norfolk Souther Corporation by 7.8% during the 2nd quarter. Korea Investment CORP now owns 269,011 shares of the railroad operator’s stock worth $32,739,000 after buying an additional 19,485 shares during the period. Curbstone Financial Management Corp boosted its holdings in shares of Norfolk Souther Corporation by 106.1% during the 3rd quarter. Curbstone Financial Management Corp now owns 8,298 shares of the railroad operator’s stock worth $1,097,000 after buying an additional 4,271 shares during the period. Airain ltd bought a new stake in shares of Norfolk Souther Corporation during the 2nd quarter worth $2,410,000. Finally, Pillar Pacific Capital Management LLC boosted its holdings in shares of Norfolk Souther Corporation by 1.2% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 59,165 shares of the railroad operator’s stock worth $7,200,000 after buying an additional 715 shares during the period. 71.63% of the stock is owned by institutional investors and hedge funds.

NSC has been the subject of several recent analyst reports. UBS AG reaffirmed a “buy” rating and set a $133.00 price objective on shares of Norfolk Souther Corporation in a report on Monday, August 14th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Monday, August 7th. Credit Suisse Group reiterated a “buy” rating and set a $143.00 target price (up from $133.00) on shares of Norfolk Souther Corporation in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Argus upped their target price on shares of Norfolk Souther Corporation from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $127.62.

Shares of Norfolk Souther Corporation (NYSE NSC) traded down $0.47 during trading on Tuesday, hitting $127.07. 975,200 shares of the company were exchanged, compared to its average volume of 1,768,151. The firm has a market cap of $36,500.00, a PE ratio of 20.05, a P/E/G ratio of 1.64 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73. Norfolk Souther Corporation has a 1-year low of $102.77 and a 1-year high of $134.52.

Norfolk Souther Corporation (NYSE:NSC) last announced its earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. equities analysts predict that Norfolk Souther Corporation will post 6.48 EPS for the current year.

Norfolk Souther Corporation announced that its Board of Directors has approved a share repurchase program on Tuesday, September 26th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 3rd will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, November 2nd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 38.79%.

In related news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at approximately $475,200. The disclosure for this sale can be found here. Insiders have sold a total of 6,238 shares of company stock valued at $791,456 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

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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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