150,300 Shares in Southwest Airlines Co. (NYSE:LUV) Bought by Terril Brothers Inc.

Terril Brothers Inc. purchased a new position in shares of Southwest Airlines Co. (NYSE:LUV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 150,300 shares of the airline's stock, valued at approximately $5,053,000. Southwest Airlines comprises approximately 1.5% of Terril Brothers Inc.'s portfolio, making the stock its 19th largest holding.

A number of other large investors also recently bought and sold shares of the business. Kestra Investment Management LLC purchased a new position in shares of Southwest Airlines during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. increased its holdings in Southwest Airlines by 186.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline's stock worth $30,000 after purchasing an additional 575 shares during the period. Ashton Thomas Securities LLC bought a new stake in Southwest Airlines during the 3rd quarter valued at $33,000. TD Private Client Wealth LLC lifted its holdings in shares of Southwest Airlines by 41.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline's stock worth $35,000 after buying an additional 345 shares during the period. Finally, New England Capital Financial Advisors LLC grew its position in shares of Southwest Airlines by 35.3% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline's stock worth $57,000 after buying an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company's stock.

Insider Buying and Selling

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now directly owns 89,376 shares of the company's stock, valued at approximately $3,074,534.40. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by corporate insiders.

Southwest Airlines Stock Performance

LUV stock traded up $0.49 during midday trading on Wednesday, reaching $29.94. The stock had a trading volume of 10,262,917 shares, compared to its average volume of 8,737,425. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.92. The firm has a fifty day simple moving average of $31.72 and a two-hundred day simple moving average of $31.11. The stock has a market cap of $17.74 billion, a PE ratio of 41.58, a P/E/G ratio of 0.97 and a beta of 1.14. Southwest Airlines Co. has a 52-week low of $23.58 and a 52-week high of $36.12.

Southwest Airlines (NYSE:LUV - Get Free Report) last released 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 return on equity of 5.77% and a net margin of 1.69%. As a group, equities research 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 $0.18 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.41%. Southwest Airlines's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $42.00 price objective on shares of Southwest Airlines in a report on Wednesday, December 11th. Susquehanna dropped their price objective on shares of Southwest Airlines from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $25.00 price objective on shares of Southwest Airlines in a research note on Monday. Argus upgraded Southwest Airlines from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Tuesday, February 11th. Finally, Bank of America reissued an "underperform" rating and issued a $31.00 price target (down from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.72.

Southwest Airlines 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.