Trading Report: Today, Delta Lloyd NV Holds Position in Norfolk Southern Corp. (NSC)

Today, Delta Lloyd NV Holds Position in Norfolk Southern Corp. (NSC)

Delta Lloyd NV held its stake in Norfolk Southern Corp. (NYSE:NSC) during the third quarter, according to its most recent filing with the SEC. The fund owned 20,379 shares of the railroad operator’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Norfolk Southern Corp. were worth $1,978,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. NEXT Financial Group Inc raised its stake in Norfolk Southern Corp. by 1.0% in the second quarter. NEXT Financial Group Inc now owns 5,179 shares of the railroad operator’s stock valued at $440,000 after buying an additional 53 shares during the last quarter. CenturyLink Investment Management Co purchased a new stake in Norfolk Southern Corp. during the second quarter valued at $1,834,000. Raymond James Trust N.A. raised its stake in Norfolk Southern Corp. by 10.1% in the second quarter. Raymond James Trust N.A. now owns 20,284 shares of the railroad operator’s stock valued at $1,727,000 after buying an additional 1,868 shares during the last quarter. West Oak Capital LLC raised its stake in Norfolk Southern Corp. by 7.2% in the second quarter. West Oak Capital LLC now owns 12,735 shares of the railroad operator’s stock valued at $1,084,000 after buying an additional 852 shares during the last quarter. Finally, Baxter Bros Inc. purchased a new stake in Norfolk Southern Corp. during the second quarter valued at $2,373,000. 67.93% of the stock is owned by institutional investors.

Norfolk Southern Corp. (NYSE:NSC) traded down 0.56% on Monday, hitting $103.76. 611,483 shares of the stock traded hands. The stock has a 50 day moving average of $96.80 and a 200 day moving average of $90.93. The firm has a market capitalization of $30.29 billion, a PE ratio of 19.21 and a beta of 1.13. Norfolk Southern Corp. has a 52 week low of $64.51 and a 52 week high of $105.50.

Norfolk Southern Corp. (NYSE:NSC) last issued its earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.10. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.25 billion. Norfolk Southern Corp. had a net margin of 16.27% and a return on equity of 13.15%. Norfolk Southern Corp.’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. Equities research analysts anticipate that Norfolk Southern Corp. will post $5.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Friday, November 4th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 2nd. Norfolk Southern Corp.’s dividend payout ratio is presently 43.70%.

A number of brokerages recently weighed in on NSC. Vertical Group raised shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Vertical Research raised shares of Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Zacks Investment Research raised shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Friday, October 7th. Bank of America Corp. raised shares of Norfolk Southern Corp. from a “neutral” rating to a “buy” rating and raised their price target for the company from $97.00 to $110.00 in a report on Tuesday, October 11th. Finally, Avondale Partners lowered shares of Norfolk Southern Corp. from a “market perform” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Norfolk Southern Corp. currently has a consensus rating of “Hold” and a consensus price target of $92.65.

In related news, VP James A. Hixon sold 10,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the vice president now directly owns 129,074 shares of the company’s stock, valued at $12,152,317.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 2,170 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $91.21, for a total transaction of $197,925.70. Following the transaction, the vice president now directly owns 8,560 shares in the company, valued at $780,757.60. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Norfolk Southern Corp. Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 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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