Norinchukin Bank The Boosts Position in Norfolk Souther Corporation (NSC)

Norinchukin Bank The raised its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 6.6% during the first quarter, Holdings Channel reports. The institutional investor owned 18,881 shares of the railroad operator’s stock after buying an additional 1,170 shares during the period. Norinchukin Bank The’s holdings in Norfolk Souther Corporation were worth $2,114,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NSC. Lee Danner & Bass Inc. increased its position in Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares in the last quarter. Private Bank & Trust Co. increased its stake in shares of Norfolk Souther Corporation by 0.5% in the first quarter. Private Bank & Trust Co. now owns 2,010 shares of the railroad operator’s stock valued at $225,000 after buying an additional 10 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Norfolk Souther Corporation by 0.9% in the first quarter. WASHINGTON TRUST Co now owns 3,331 shares of the railroad operator’s stock valued at $373,000 after buying an additional 31 shares during the period. Pinnacle Financial Partners Inc. increased its stake in shares of Norfolk Souther Corporation by 0.7% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 4,572 shares of the railroad operator’s stock valued at $494,000 after buying an additional 32 shares during the period. Finally, LBA Wealth Management LLC increased its stake in shares of Norfolk Souther Corporation by 1.5% in the fourth quarter. LBA Wealth Management LLC now owns 3,284 shares of the railroad operator’s stock valued at $355,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 70.18% of the company’s stock.

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

Norfolk Souther Corporation (NYSE:NSC) opened at 120.12 on Tuesday. The company’s 50-day moving average is $118.38 and its 200-day moving average is $115.80. Norfolk Souther Corporation has a 52-week low of $78.73 and a 52-week high of $125.31. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 20.66 and a beta of 1.37.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, April 26th. The railroad operator reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Norfolk Souther Corporation had a net margin of 17.07% and a return on equity of 13.82%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.29 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict that Norfolk Souther Corporation will post $6.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Friday, May 5th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.03%. Norfolk Souther Corporation’s dividend payout ratio is currently 42.00%.

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Several equities research analysts have weighed in on NSC shares. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Tuesday, June 13th. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG raised their target price on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, April 28th. TD Securities reiterated a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Finally, Loop Capital reiterated a “hold” rating on shares of Norfolk Souther Corporation in a research note on Saturday, March 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $108.31.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at approximately $501,122. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Hurlbut sold 1,427 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $116.92, for a total transaction of $166,844.84. Following the sale, the vice president now directly owns 5,102 shares in the company, valued at $596,525.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,800 shares of company stock worth $327,494 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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