Investors sold shares of Norfolk Souther Corporation (NYSE:NSC) on strength during trading on Wednesday. $28.63 million flowed into the stock on the tick-up and $53.75 million flowed out of the stock on the tick-down, for a money net flow of $25.12 million out of the stock. Of all stocks tracked, Norfolk Souther Corporation had the 18th highest net out-flow for the day. Norfolk Souther Corporation traded up $0.25 for the day and closed at $117.46

A number of 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 $134.00 target price on the stock in a research report on Tuesday, June 27th. TD Securities restated a “hold” rating on shares of Norfolk Souther Corporation in a research report on Thursday, April 27th. UBS AG restated a “buy” rating and issued a $138.00 target price (up previously from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Cowen and Company restated a “buy” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. Norfolk Souther Corporation presently has a consensus rating of “Hold” and a consensus price target of $112.17.

The stock’s 50-day moving average is $119.52 and its 200-day moving average is $118.08. The stock has a market cap of $33.85 billion, a price-to-earnings ratio of 19.09 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $2.64 billion. During the same period last year, the company posted $1.36 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The business also recently announced 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. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.08%. Norfolk Souther Corporation’s dividend payout ratio is 39.61%.

In other 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 value of $93,465.08. Following the completion of 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 SEC, which is available at 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 completion of the sale, the vice president now directly owns 5,102 shares of the company’s stock, valued at $596,525.84. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NSC. First Manhattan Co. boosted its position in shares of Norfolk Souther Corporation by 16.6% in the first quarter. First Manhattan Co. now owns 12,984 shares of the railroad operator’s stock worth $1,260,000 after buying an additional 1,848 shares during the period. Pillar Pacific Capital Management LLC boosted its position in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Pillar Pacific Capital Management LLC now owns 58,450 shares of the railroad operator’s stock worth $6,544,000 after buying an additional 520 shares during the period. Lee Danner & Bass Inc. boosted its position in shares of 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 during the period. Berkshire Asset Management LLC PA boosted its position in shares of Norfolk Souther Corporation by 4.7% in the first quarter. Berkshire Asset Management LLC PA now owns 91,187 shares of the railroad operator’s stock worth $10,210,000 after buying an additional 4,071 shares during the period. Finally, Patten & Patten Inc. TN boosted its position in shares of Norfolk Souther Corporation by 2.0% in the first quarter. Patten & Patten Inc. TN now owns 23,995 shares of the railroad operator’s stock worth $2,687,000 after buying an additional 475 shares during the period. 70.59% of the stock is owned by institutional investors.

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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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