Kimelman & Baird LLC cut its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,200 shares of the railroad operator’s stock after selling 50 shares during the period. Kimelman & Baird LLC’s holdings in Norfolk Souther Corporation were worth $6,293,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its stake 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. MCF Advisors LLC boosted 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 boosted 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 boosted 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. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Norfolk Souther Corporation during the first quarter worth approximately $125,000. Institutional investors own 70.59% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.64% on Friday, reaching $116.18. 346,005 shares of the company’s stock traded hands. The company has a 50 day moving average price of $118.80 and a 200 day moving average price of $118.12. 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 $33.48 billion, a price-to-earnings ratio of 18.88 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 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.36 earnings per share. On average, equities research analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

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

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A number of brokerages have recently commented on NSC. Cowen and Company reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $124.00 target price (up from $122.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Zacks Investment Research cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $139.00 target price (up 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 analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $112.17.

In other news, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total value of $93,465.08. Following the transaction, the vice president now directly owns 4,300 shares of the company’s stock, valued at $501,122. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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