Engineers Gate Manager LP Has $41.90 Million Stock Holdings in Southwest Airlines Co. $LUV

Engineers Gate Manager LP increased its position in Southwest Airlines Co. (NYSE:LUV) by 75.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 814,820 shares of the airline’s stock after purchasing an additional 349,394 shares during the quarter. Southwest Airlines makes up 0.5% of Engineers Gate Manager LP’s holdings, making the stock its 23rd largest position. Engineers Gate Manager LP’s holdings in Southwest Airlines were worth $41,898,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. RFG Advisory LLC grew its holdings in Southwest Airlines by 8.7% during the second quarter. RFG Advisory LLC now owns 22,992 shares of the airline’s stock worth $1,182,000 after purchasing an additional 1,836 shares during the period. NewEdge Advisors LLC increased its position in Southwest Airlines by 10.5% during the second quarter. NewEdge Advisors LLC now owns 140,652 shares of the airline’s stock worth $7,232,000 after buying an additional 13,321 shares during the last quarter. IFP Advisors Inc raised its stake in Southwest Airlines by 22.8% in the second quarter. IFP Advisors Inc now owns 10,339 shares of the airline’s stock valued at $532,000 after buying an additional 1,923 shares during the period. Baird Financial Group Inc. raised its stake in Southwest Airlines by 10.9% in the second quarter. Baird Financial Group Inc. now owns 15,889 shares of the airline’s stock valued at $817,000 after buying an additional 1,568 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in shares of Southwest Airlines in the second quarter valued at approximately $289,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LUV. Raymond James Financial reduced their target price on Southwest Airlines from $60.00 to $54.00 and set an “outperform” rating for the company in a research note on Monday, August 24th. Susquehanna increased their price target on Southwest Airlines from $44.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Evercore raised their price target on Southwest Airlines from $44.00 to $52.00 in a report on Thursday, June 25th. TD Cowen reduced their price objective on shares of Southwest Airlines from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Southwest Airlines from $30.00 to $35.00 and gave the stock a “sell” rating in a research report on Thursday, July 2nd. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Southwest Airlines currently has an average rating of “Hold” and a consensus target price of $49.01.

Southwest Airlines Price Performance

Shares of NYSE LUV opened at $38.68 on Wednesday. The firm has a market cap of $18.92 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 0.37 and a beta of 1.13. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Southwest Airlines Co. has a 1-year low of $29.26 and a 1-year high of $55.11. The business’s 50 day moving average is $44.90 and its 200-day moving average is $43.38.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Wednesday, July 22nd. The airline reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.42. Southwest Airlines had a return on equity of 14.15% and a net margin of 2.78%.The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Southwest Airlines has set its FY 2026 guidance at 3.250-4.250 EPS and its Q3 2026 guidance at 0.500-0.750 EPS. Equities research analysts predict that Southwest Airlines Co. will post 3.28 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Southwest Airlines’s payout ratio is presently 44.17%.

Southwest Airlines 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.