Triangle Securities Wealth Management lowered its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 3,377 shares of the railroad operator’s stock after selling 25 shares during the period. Triangle Securities Wealth Management’s holdings in Norfolk Souther Corporation were worth $411,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. D Orazio & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the last quarter. 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 last quarter. Guardian Life Insurance Co. of America boosted its position in shares of 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. Signaturefd LLC boosted its position in shares of Norfolk Souther Corporation by 0.8% in the first quarter. Signaturefd LLC now owns 2,351 shares of the railroad operator’s stock worth $263,000 after buying an additional 18 shares during the last quarter. Finally, Brown Advisory Securities LLC boosted its position in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Brown Advisory Securities LLC now owns 2,174 shares of the railroad operator’s stock worth $243,000 after buying an additional 19 shares during the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

Norfolk Souther Corporation (NYSE:NSC) traded up 0.88% on Wednesday, hitting $121.10. The stock had a trading volume of 420,565 shares. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 19.68 and a beta of 1.33. Norfolk Souther Corporation has a one year low of $88.62 and a one year high of $125.31. The company’s 50-day moving average price is $118.80 and its 200 day moving average price is $118.13.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 2.03%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is 39.61%.

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A number of equities analysts have commented on the company. Scotiabank cut Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 6th. Zacks Investment Research raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Tuesday, June 27th. UBS AG reissued a “buy” rating and set a $138.00 target price (up previously from $135.00) on shares of Norfolk Souther Corporation in a report on Friday, April 28th. Stifel Nicolaus increased their target price on Norfolk Souther Corporation from $114.00 to $122.00 and gave the company a “hold” rating in a report on Monday, May 1st. Finally, Wolfe Research raised Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price for the company in a report on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.35.

In related news, VP Thomas E. Hurlbut sold 802 shares of the 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 owns 4,300 shares in the company, valued at $501,122. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

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

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