Dynamic Capital Management Ltd raised its stake in Norfolk Souther Corporation (NYSE:NSC) by 102.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,746 shares of the railroad operator’s stock after buying an additional 8,486 shares during the period. Dynamic Capital Management Ltd’s holdings in Norfolk Souther Corporation were worth $1,875,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of NSC. MCF Advisors LLC increased its stake in shares of 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 shares of 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 shares of 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 purchased a new stake in shares of Norfolk Souther Corporation during the first quarter worth about $125,000. Finally, Guardian Life Insurance Co. of America increased its stake 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. 70.59% of the stock is owned by institutional investors.
Norfolk Souther Corporation (NYSE:NSC) traded up 0.97% during trading on Friday, hitting $116.56. 1,101,405 shares of the company traded hands. Norfolk Souther Corporation has a 52 week low of $88.07 and a 52 week high of $125.31. The company’s 50 day moving average is $118.78 and its 200-day moving average is $118.14. The stock has a market capitalization of $33.59 billion, a PE ratio of 18.94 and a beta of 1.33.
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 the Zacks’ 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 business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.
The company 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 dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is 39.61%.
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A number of research firms have recently weighed in on NSC. UBS AG reissued a “buy” rating and set a $138.00 target price (up from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. BidaskClub raised shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday. Stephens reissued an “overweight” rating and set a $140.00 target price (down from $147.00) on shares of Norfolk Souther Corporation in a research 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 on the stock in a research note on Monday, August 7th. Finally, Cowen and Company restated an “outperform” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $112.65.
In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the business’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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 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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