OLD Second National Bank of Aurora reduced its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 26,385 shares of the railroad operator’s stock after selling 952 shares during the period. Norfolk Souther Corporation comprises 1.4% of OLD Second National Bank of Aurora’s portfolio, making the stock its 22nd largest position. OLD Second National Bank of Aurora’s holdings in Norfolk Souther Corporation were worth $3,212,000 as of its most recent SEC filing.

Other hedge funds and 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 period. MCF Advisors LLC boosted its position 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 period. Parkside Financial Bank & Trust boosted its position 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 period. Parallel Advisors LLC boosted its position 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 period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Norfolk Souther Corporation during the first quarter worth about $125,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Norfolk Souther Corporation (NYSE NSC) traded down 1.24% during trading on Thursday, hitting $116.00. 638,965 shares of the stock were exchanged. The stock’s 50 day moving average price is $118.86 and its 200 day moving average price is $118.14. Norfolk Souther Corporation has a 52 week low of $87.97 and a 52 week high of $125.31. The firm has a market capitalization of $33.43 billion, a price-to-earnings ratio of 18.85 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last released its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share 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 annualized dividend and a yield of 2.08%. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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NSC has been the topic of a number of recent analyst reports. Cowen and Company reissued a “buy” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Tuesday, June 13th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. UBS AG reissued a “buy” rating and issued a $138.00 price objective (up from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Four equities research 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. The stock presently has an average rating of “Hold” and a consensus price target of $112.17.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the 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 completion of the sale, the vice president now owns 4,300 shares of the company’s stock, valued at approximately $501,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas E. Hurlbut sold 1,427 shares of the 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 of the company’s stock, 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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