Home Federal Bank of Tennessee held its stake in Norfolk Souther Corporation (NYSE:NSC) during the second quarter, Holdings Channel reports. The institutional investor owned 11,020 shares of the railroad operator’s stock at the end of the second quarter. Home Federal Bank of Tennessee’s holdings in Norfolk Souther Corporation were worth $1,341,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. D Orazio & Associates Inc. increased its stake in 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 in the last quarter. MCF Advisors LLC increased its stake in 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 in the last quarter. Parkside Financial Bank & Trust increased its stake in 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 in the last quarter. Parallel Advisors LLC increased its stake in 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 in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Norfolk Souther Corporation during the first quarter worth $125,000. 70.59% of the stock is owned by institutional investors.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 1.85% on Tuesday, reaching $118.03. The company’s stock had a trading volume of 525,308 shares. The stock has a market cap of $34.01 billion, a P/E ratio of 19.18 and a beta of 1.33. Norfolk Souther Corporation has a 12 month low of $87.61 and a 12 month high of $125.31. The firm’s 50-day moving average price is $119.52 and its 200-day moving average price is $118.08.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the 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 firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm posted $1.36 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be issued a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.11%. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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A number of research firms have recently weighed in on NSC. Cowen and Company reissued an “outperform” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $124.00 target price (up previously from $122.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Zacks Investment Research downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $139.00 target price (up previously from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 13th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. The stock 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 firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $501,122. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Hurlbut sold 1,427 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $116.92, for a total value of $166,844.84. Following the completion of 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. Company 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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