GHP Investment Advisors Inc. Acquires 38 Shares of Norfolk Souther Corporation (NSC)

GHP Investment Advisors Inc. boosted its holdings in shares of Norfolk Souther Corporation (NYSE:NSC) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,973 shares of the railroad operator’s stock after buying an additional 38 shares during the period. GHP Investment Advisors Inc.’s holdings in Norfolk Souther Corporation were worth $240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. D Orazio & Associates Inc. boosted its stake in shares of Norfolk Souther Corporation by 0.5% in the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after purchasing an additional 4 shares in the last quarter. Lee Danner & Bass Inc. boosted its stake in shares of Norfolk Souther Corporation by 0.3% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock valued at $257,000 after purchasing an additional 7 shares in the last quarter. Alexandria Capital LLC boosted its stake in shares of Norfolk Souther Corporation by 0.4% in the 2nd quarter. Alexandria Capital LLC now owns 1,865 shares of the railroad operator’s stock valued at $227,000 after purchasing an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Norfolk Souther Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock valued at $126,000 after purchasing an additional 8 shares in the last quarter. Finally, Ronna Sue Cohen boosted its stake in shares of Norfolk Souther Corporation by 0.5% in the 2nd quarter. Ronna Sue Cohen now owns 2,761 shares of the railroad operator’s stock valued at $336,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.

NSC has been the topic of several recent analyst reports. Cowen and Company restated a “buy” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Tuesday, June 13th. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Wolfe Research upgraded shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, August 7th. Finally, UBS AG restated a “buy” rating and issued a $133.00 target price on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $115.00.

In other news, Chairman James A. Squires sold 24,407 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the completion of the transaction, the chairman now directly owns 76,481 shares in the company, valued at $9,173,895.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total value of $35,640.00. Following the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $475,200. The disclosure for this sale can be found here. Insiders have sold 27,077 shares of company stock valued at $3,244,531 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

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Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 127.80 on Wednesday. The firm’s 50-day moving average price is $120.17 and its 200 day moving average price is $118.29. The company has a market capitalization of $36.83 billion, a PE ratio of 20.77 and a beta of 1.32. Norfolk Souther Corporation has a one year low of $89.95 and a one year high of $128.42.

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, beating the Zacks’ 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 analyst estimates of $2.64 billion. During the same period last year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.91%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is 39.61%.

Norfolk Souther Corporation 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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