BLB&B Advisors Continues To Keep Stake in Norfolk Souther Corporation (NSC)

BLB&B Advisors continued to hold its stake in stocks of Norfolk Souther Corporation (NYSE:NSC) through out the Fiscal Q2, based on the latest 13F form document with the Security and Exchange Commission. The investment company owned 6,075 stocks of the railroad operator’s shares during the Fiscal Q2. BLB&B Advisors LLC’s holdings in Norfolk Souther Corporation were valued $680,000 during the latest period.

Norfolk Souther Corporation (NYSE NSC) transacted up 0.97% throughout intraday market trading on early Fri, topping $116.56. the share had a trading volume of 1,101,405 Stocks. Market valuation of the company is $33.59 B, a price to earnings ratio of 18.94 along with a stock beta of 1.33. the share has a 50 Day SMA price of $118.78 and a two hundred day SMA of $118.14. Norfolk Souther Corporation has a 52 week low of $88.07 and a 52 week high of $125.31.

Other investment firms and many large funds also modified to their stake in The corporation. D Orazio & Associates increased its position in stocks of Norfolk Souther Corporation by 0.5% in the Q1. D Orazio & Associates has an ownership of 891 stocks of the railroad operator’s shares valued $100,000 after scooping up an extra 4 shares through out the previous quarter, MCF Advisors increased its position in Norfolk Souther Corporation by 31.4% in the Q1. MCF Advisors has an ownership of 949 stocks of the railroad operator’s shares valued at $106,000 after scooping up an extra 227 stocks in the previous period. Parkside Financial Bank & Trust increased its position in Norfolk Souther Corporation by 35.3% in the Q1. Parkside Financial Bank & Trust has an ownership of 958 stocks of the railroad operator’s shares valued at $107,000 after scooping up an extra 250 stocks in the previous period. Parallel Advisors increased its position in Norfolk Souther Corporation by 29.2% in the Q1. Parallel Advisors has an ownership of 974 stocks of the railroad operator’s shares valued at $114,000 after scooping up an extra 220 stocks in the previous period. Lastly, Signature Estate & Investment Advisors bought a fresh position in Norfolk Souther Corporation during the Q1 worth at about $125,000. 70.59% of the shares is presently held by investment firms and many large funds.

Norfolk Souther Corporation (NYSE:NSC) previously announced its periodic earnings reports on early Wed, Jul 26th. The railroad operator posted $1.71 Earnings per share for the period, exceeding Thomson Reuters’ average forecast of $1.65 by $0.06. The company posted earnings of $2.64 B for the period end, compared to the average forecast of $2.64 B. Norfolk Souther Corporation had a net profit margin of 17.66% and a ROE of 14.45%. Company’s end of quarter revenue went up 7.5% on a YOY basis. for the same period in the previous fiscal year, company reported $1.36 Earnings Per Share. on consensus, brokerage firm analysts expect that Norfolk Souther Corporation to post $6.32 EPS for the present financial year.

Also, the company announced dividend for the quarter, expected to be paid on early Mon, Sep 11th. Traders who own the stock with a record date on Mon, Aug 7th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thurs, Aug 3rd. this indicates a $2.44 annual dividend and a payout of 2.09%. Norfolk Souther Corporation’s yield ratio is presently 39.61%.

NSC has been the topic of many brokerage firm research. Research firm Zacks lifted Norfolk Souther Corporation from a “hold” recommendation to a “buy” recommendation and fixed a $132.00 target price for The corporation in a study report on early Wed, May 3rd. ValuEngine lifted Norfolk Souther Corporation from a “hold” recommendation to a “buy” recommendation in a analysis report on Fri morning, Jun 2nd. Credit Suisse Group restated an “outperform” recommendation and fixed a $133.00 price objective on the stock of Norfolk Souther Corporation in a study note on Sunday, May 28th. Deutsche Bank AG dropped Norfolk Souther Corporation from a “buy” recommendation to a “hold” recommendation and trimmed the price objective for The corporation from $132.00 to $104.00 in a study note on early Mon, Jul 31st. Lastly, TD Securities reissued a “hold” recommendation on stocks of Norfolk Souther Corporation in a note on Thurs, Apr 27th. Four Brokerage firms have recommended the share with a sell recommendation, sixteen have issued a hold recommendation and nine have issued a buy recommendation to the firms shares. The corporation has a consensus rating of “Hold” and a consensus price objective of $112.17.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut unloaded 802 stocks of the firms shares in a trade that took place on Thurs, May 25th. The stock was unloaded at a price range of of $116.54, amounting to $93,465.08. after the transaction, the VP has an ownership of 4,300 stocks in the company, assessed at roughly $501,122. The information was declared in a transaction filed with the securities and exchange commission, which can be accessed through this link. 0.36% of the shares is presently held by top executives.

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