Norfolk Souther Corporation (NSC) Holdings Increased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. grew its holdings in shares of Norfolk Souther Corporation (NYSE:NSC) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,381 shares of the railroad operator’s stock after acquiring an additional 468 shares during the period. GW Henssler & Associates Ltd.’s holdings in Norfolk Souther Corporation were worth $2,480,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Legal & General Group Plc grew its holdings in Norfolk Souther Corporation by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 1,618,620 shares of the railroad operator’s stock worth $196,969,000 after acquiring an additional 78,894 shares during the period. State of Wisconsin Investment Board grew its holdings in Norfolk Souther Corporation by 31.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 246,499 shares of the railroad operator’s stock worth $29,999,000 after acquiring an additional 58,850 shares during the period. Dowling & Yahnke LLC grew its holdings in Norfolk Souther Corporation by 10.8% during the 2nd quarter. Dowling & Yahnke LLC now owns 2,305 shares of the railroad operator’s stock worth $281,000 after acquiring an additional 224 shares during the period. Denver Investment Advisors LLC grew its holdings in Norfolk Souther Corporation by 0.5% during the 2nd quarter. Denver Investment Advisors LLC now owns 4,479 shares of the railroad operator’s stock worth $545,000 after acquiring an additional 21 shares during the period. Finally, LMR Partners LLP acquired a new stake in Norfolk Souther Corporation during the 2nd quarter worth about $978,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Norfolk Souther Corporation (NSC) opened at 126.58 on Wednesday. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $126.98. The company has a market cap of $36.48 billion, a PE ratio of 20.57 and a beta of 1.32. The company has a 50-day moving average of $118.15 and a 200 day moving average of $118.04.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share 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 net margin of 17.66% and a return on equity of 14.45%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. On average, equities analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

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A number of analysts have weighed in on the company. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Tuesday, June 27th. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and set a $124.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday. Cowen and Company reiterated a “buy” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Finally, BidaskClub downgraded Norfolk Souther Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Norfolk Souther Corporation currently has a consensus rating of “Hold” and an average target price of $113.88.

In other Norfolk Souther Corporation news, COO Michael Joseph Wheeler sold 2,370 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the sale, the chief operating officer now owns 13,492 shares in the company, valued at $1,601,230.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,077 shares of company stock worth $3,244,531. Corporate insiders own 0.36% 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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Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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