Flagship Harbor Advisors LLC Purchases 1 Shares of Norfolk Souther Corporation (NYSE:NSC)

Flagship Harbor Advisors LLC boosted its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,078 shares of the railroad operator’s stock after buying an additional 1 shares during the period. Flagship Harbor Advisors LLC’s holdings in Norfolk Souther Corporation were worth $237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. raised 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 raised 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. Private Bank & Trust Co. raised its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. Private Bank & Trust Co. now owns 2,010 shares of the railroad operator’s stock worth $225,000 after buying an additional 10 shares during the last quarter. Signaturefd LLC raised 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 raised 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. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Shares of Norfolk Souther Corporation (NSC) traded up 0.88% during mid-day trading on Tuesday, reaching $116.91. The company had a trading volume of 192,970 shares. The stock has a 50 day moving average of $119.52 and a 200-day moving average of $118.08. Norfolk Souther Corporation has a one year low of $87.61 and a one year high of $125.31. The firm has a market capitalization of $33.69 billion, a price-to-earnings ratio of 19.00 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The company also recently declared 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. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 2.11%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 39.61%.

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A number of brokerages have commented on NSC. Scotiabank lowered Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Tuesday, June 27th. UBS AG reiterated a “buy” rating and issued a $138.00 price objective (up from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. Stifel Nicolaus increased their price objective on Norfolk Souther Corporation from $114.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Monday. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. Norfolk Souther Corporation presently has a consensus rating of “Hold” and an average target price of $112.17.

In other Norfolk Souther Corporation news, 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 sale, the vice president now owns 4,300 shares of the company’s stock, valued at $501,122. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $166,844.84. Following the sale, the vice president now directly owns 5,102 shares in the company, valued at approximately $596,525.84. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

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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