D Orazio & Associates Inc. raised its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 891 shares of the railroad operator’s stock after buying an additional 4 shares during the period. D Orazio & Associates Inc.’s holdings in Norfolk Souther Corporation were worth $100,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Norfolk Souther Corporation by 35.3% in the first 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 last quarter. Parallel Advisors LLC increased its stake in Norfolk Souther Corporation by 29.2% in the first 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 last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Norfolk Souther Corporation during the first quarter worth approximately $125,000. Finally, Guardian Life Insurance Co. of America increased its stake in Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after buying an additional 8 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Shares of Norfolk Souther Corporation (NSC) traded down 0.04% during trading on Thursday, reaching $117.41. 356,518 shares of the company’s stock traded hands. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 19.08 and a beta of 1.33. The stock has a 50-day moving average of $118.86 and a 200-day moving average of $118.14. Norfolk Souther Corporation has a 1-year low of $87.97 and a 1-year high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (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 company 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 earned $1.36 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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A number of analysts have commented on the stock. UBS AG reiterated a “buy” rating and issued a $138.00 price objective (up previously from $135.00) on shares of Norfolk Souther Corporation in a report on Friday, April 28th. BidaskClub upgraded shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday. Stephens reiterated an “overweight” rating and issued a $140.00 price objective (down previously from $147.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Wolfe Research upgraded shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday. Finally, Cowen and Company restated an “outperform” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. Norfolk Souther Corporation presently has a consensus rating of “Hold” and a consensus target price of $112.17.

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

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.

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

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