Praxis Investment Management Inc. Sells 12,149 Shares of Southwest Airlines Co. $LUV

Praxis Investment Management Inc. reduced its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 33.4% during the first quarter, HoldingsChannel.com reports. The fund owned 24,245 shares of the airline’s stock after selling 12,149 shares during the quarter. Praxis Investment Management Inc.’s holdings in Southwest Airlines were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SHP Wealth Management purchased a new stake in shares of Southwest Airlines during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Southwest Airlines in the 4th quarter worth about $26,000. Entrust Financial LLC purchased a new position in shares of Southwest Airlines in the 4th quarter worth about $26,000. Los Angeles Capital Management LLC purchased a new position in shares of Southwest Airlines in the 4th quarter worth about $26,000. Finally, Optima Capital LLC bought a new position in Southwest Airlines during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LUV shares. JPMorgan Chase & Co. decreased their price objective on shares of Southwest Airlines from $58.00 to $56.00 in a report on Friday, March 27th. Wall Street Zen raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley increased their target price on shares of Southwest Airlines from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. BNP Paribas Exane raised their price target on shares of Southwest Airlines from $24.00 to $33.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 21st. Finally, TD Cowen lifted their price target on shares of Southwest Airlines from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.43.

Southwest Airlines Trading Down 0.1%

Shares of Southwest Airlines stock opened at $50.21 on Friday. Southwest Airlines Co. has a 52-week low of $28.98 and a 52-week high of $55.11. The stock’s 50-day simple moving average is $43.34 and its 200 day simple moving average is $43.58. The stock has a market capitalization of $24.54 billion, a P/E ratio of 32.39, a P/E/G ratio of 0.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.48.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Wednesday, April 22nd. The airline reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Southwest Airlines had a net margin of 2.83% and a return on equity of 10.66%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter last year, the business earned ($0.13) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. As a group, research analysts anticipate that Southwest Airlines Co. will post 3.02 EPS for the current year.

Southwest Airlines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 11th. Southwest Airlines’s dividend payout ratio is presently 46.45%.

Southwest Airlines Company Profile

Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest’s operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.

Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.