Huntington National Bank cut its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 3.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,143 shares of the railroad operator’s stock after selling 1,615 shares during the period. Huntington National Bank’s holdings in Norfolk Southern were worth $7,399,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in Norfolk Southern by 114.8% in the 4th quarter. Quadrant Capital Group LLC now owns 956 shares of the railroad operator’s stock valued at $168,000 after buying an additional 511 shares in the last quarter. Verus Capital Partners LLC purchased a new position in Norfolk Southern in the 4th quarter worth approximately $43,000. Thomasville National Bank lifted its stake in Norfolk Southern by 2.7% in the 1st quarter. Thomasville National Bank now owns 3,803 shares of the railroad operator’s stock worth $683,000 after purchasing an additional 100 shares in the last quarter. Triangle Securities Wealth Management lifted its stake in Norfolk Southern by 12.8% in the 1st quarter. Triangle Securities Wealth Management now owns 2,162 shares of the railroad operator’s stock worth $316,000 after purchasing an additional 245 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Norfolk Southern by 6.8% in the 1st quarter. State of Alaska Department of Revenue now owns 75,329 shares of the railroad operator’s stock worth $10,997,000 after purchasing an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Norfolk Southern stock traded up $3.34 during trading on Friday, hitting $192.21. The company had a trading volume of 1,746,247 shares, compared to its average volume of 1,422,300. Norfolk Southern Corp. has a 1-year low of $112.62 and a 1-year high of $219.88. The company has a current ratio of 1.21, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The company’s 50 day simple moving average is $178.04 and its 200-day simple moving average is $177.16. The stock has a market cap of $52.02 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 3.32 and a beta of 1.37.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, July 29th. The railroad operator reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.20. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.06 billion. Norfolk Southern had a net margin of 20.47% and a return on equity of 16.06%. The firm’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 EPS. As a group, analysts forecast that Norfolk Southern Corp. will post 8.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 7th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.96%. Norfolk Southern’s dividend payout ratio (DPR) is 36.36%.

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued a “sell” rating and issued a $140.00 target price on shares of Norfolk Southern in a research note on Sunday, April 12th. Deutsche Bank raised their target price on shares of Norfolk Southern from $176.00 to $190.00 and gave the stock a “hold” rating in a research note on Thursday. Cowen reduced their price target on shares of Norfolk Southern from $200.00 to $197.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. UBS Group lifted their price target on shares of Norfolk Southern from $166.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Susquehanna Bancshares reduced their price target on shares of Norfolk Southern from $247.00 to $189.00 and set a “positive” rating on the stock in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Norfolk Southern presently has a consensus rating of “Hold” and a consensus target price of $193.29.

In other Norfolk Southern news, VP Clyde H. Allison, Jr. sold 1,593 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $192.65, for a total value of $306,891.45. Following the completion of the transaction, the vice president now owns 41,146 shares in the company, valued at $7,926,776.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Joseph Wheeler sold 8,918 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $195.02, for a total transaction of $1,739,188.36. Following the completion of the transaction, the chief operating officer now owns 12,846 shares of the company’s stock, valued at approximately $2,505,226.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,388 shares of company stock valued at $13,616,926. Insiders own 0.32% of the company’s stock.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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