Terril Brothers Inc. Makes New $5.05 Million Investment in Southwest Airlines Co. (NYSE:LUV)

Terril Brothers Inc. purchased a new position in Southwest Airlines Co. (NYSE:LUV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 150,300 shares of the airline’s stock, valued at approximately $5,053,000. Southwest Airlines makes up approximately 1.5% of Terril Brothers Inc.’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in Southwest Airlines by 32.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 65,831 shares of the airline’s stock worth $2,105,000 after purchasing an additional 16,293 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in Southwest Airlines by 33.7% in the 3rd quarter. Olstein Capital Management L.P. now owns 258,000 shares of the airline’s stock worth $7,645,000 after purchasing an additional 65,000 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in Southwest Airlines by 6,414.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,006,000 shares of the airline’s stock worth $89,068,000 after purchasing an additional 2,959,857 shares in the last quarter. Highland Peak Capital LLC purchased a new stake in shares of Southwest Airlines during the 3rd quarter valued at about $2,963,000. Finally, Vista Investment Partners LLC purchased a new stake in shares of Southwest Airlines during the 4th quarter valued at about $614,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Southwest Airlines Price Performance

Shares of LUV stock opened at $31.07 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85. The company has a market capitalization of $18.41 billion, a P/E ratio of 43.15, a P/E/G ratio of 0.97 and a beta of 1.14. The company’s 50-day simple moving average is $31.89 and its two-hundred day simple moving average is $30.98. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $36.12.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. As a group, equities analysts anticipate that Southwest Airlines Co. will post 1.55 EPS for the current year.

Southwest Airlines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. Southwest Airlines’s dividend payout ratio is presently 100.00%.

Insider Activity

In other news, insider Linda B. Rutherford sold 3,849 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the transaction, the insider now directly owns 89,376 shares in the company, valued at approximately $3,074,534.40. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Southwest Airlines from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Raymond James upped their target price on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Susquehanna decreased their target price on shares of Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley restated an “overweight” rating and set a $42.00 target price on shares of Southwest Airlines in a research report on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.78.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.