Investors sold shares of Norfolk Souther Corporation (NYSE:NSC) on strength during trading on Wednesday. $28.63 million flowed into the stock on the tick-up and $53.75 million flowed out of the stock on the tick-down, for a money net flow of $25.12 million out of the stock. Of all stocks tracked, Norfolk Souther Corporation had the 29th highest net out-flow for the day. Norfolk Souther Corporation traded up $0.25 for the day and closed at $117.46
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 analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. Norfolk Souther Corporation currently has an average rating of “Hold” and an average target price of $112.17.
The company’s 50 day moving average is $118.78 and its 200 day moving average is $118.14. The company has a market cap of $33.59 billion, a price-to-earnings ratio of 18.94 and a beta of 1.33.
Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping 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 return on equity of 14.45% and a net margin of 17.66%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be paid a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 2.09%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 39.61%.
In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was 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 approximately $501,122. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. AlphaMark Advisors LLC raised its stake in shares of Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares in the last quarter. D Orazio & Associates Inc. raised 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 in the last quarter. Harfst & Associates Inc. raised its stake in shares of Norfolk Souther Corporation by 58.8% in the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after buying an additional 350 shares in the last quarter. MCF Advisors LLC raised 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised 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 in the last quarter. Hedge funds and other institutional investors own 70.59% 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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