Lodestar Investment Counsel LLC IL maintained its stake in shares of Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the railroad operator’s stock at the end of the second quarter. Lodestar Investment Counsel LLC IL’s holdings in Norfolk Souther Corporation were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Duff & Phelps Investment Management Co. purchased a new stake in shares of Norfolk Souther Corporation during the first quarter valued at approximately $7,229,000. DnB Asset Management AS increased its stake in shares of Norfolk Souther Corporation by 9.0% in the first quarter. DnB Asset Management AS now owns 32,743 shares of the railroad operator’s stock valued at $3,666,000 after buying an additional 2,700 shares during the period. Somerset Trust Co increased its stake in shares of Norfolk Souther Corporation by 1.9% in the first quarter. Somerset Trust Co now owns 13,021 shares of the railroad operator’s stock valued at $1,458,000 after buying an additional 245 shares during the period. Berkshire Asset Management LLC PA increased its stake 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 valued at $10,210,000 after buying an additional 4,071 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Norfolk Souther Corporation during the first quarter valued at approximately $784,000. 70.59% of the stock is currently owned by institutional investors.

Shares of Norfolk Souther Corporation (NYSE NSC) traded up 0.97% during trading on Friday, hitting $116.56. 1,101,405 shares of the stock traded hands. The firm has a market cap of $33.59 billion, a price-to-earnings ratio of 18.94 and a beta of 1.33. The stock has a 50 day moving average of $118.78 and a 200 day moving average of $118.14. Norfolk Souther Corporation has a 52-week low of $88.07 and a 52-week 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 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be given a $0.61 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 2.09%. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

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Several analysts recently commented on the stock. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and set a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reissued a “buy” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Scotiabank downgraded shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $112.65.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total value of $93,465.08. Following the sale, the vice president now owns 4,300 shares in the company, valued at approximately $501,122. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

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.

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

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