LandBridge Company LLC $LB Holdings Boosted by Hood River Capital Management LLC

Hood River Capital Management LLC increased its stake in LandBridge Company LLC (NYSE:LB) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 669,678 shares of the company’s stock after purchasing an additional 28,333 shares during the period. Hood River Capital Management LLC owned 0.88% of LandBridge worth $45,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. lifted its stake in LandBridge by 3.1% in the first quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company’s stock valued at $201,303,000 after buying an additional 84,701 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in LandBridge by 5,290.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company’s stock worth $85,845,000 after purchasing an additional 1,171,142 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of LandBridge by 17.1% during the first quarter. Vanguard Group Inc. now owns 697,748 shares of the company’s stock valued at $50,196,000 after buying an additional 102,085 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its position in shares of LandBridge by 1.6% during the second quarter. Schwartz Investment Counsel Inc. now owns 519,668 shares of the company’s stock worth $35,119,000 after buying an additional 8,400 shares during the period. Finally, Raymond James Financial Inc. increased its position in LandBridge by 1.6% in the 1st quarter. Raymond James Financial Inc. now owns 329,123 shares of the company’s stock valued at $23,677,000 after acquiring an additional 5,155 shares during the period.

Wall Street Analysts Forecast Growth

LB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays dropped their price target on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Janney Montgomery Scott cut shares of LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Finally, Zacks Research raised LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.43.

Insider Transactions at LandBridge

In other news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 70.42% of the stock is currently owned by company insiders.

LandBridge Price Performance

NYSE LB opened at $59.66 on Monday. LandBridge Company LLC has a 1 year low of $48.55 and a 1 year high of $87.60. The business’s fifty day moving average is $59.53 and its two-hundred day moving average is $60.08. The stock has a market capitalization of $4.64 billion, a P/E ratio of 85.22 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15.

LandBridge (NYSE:LB) last announced its earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The company had revenue of $50.83 million for the quarter, compared to analyst estimates of $49.13 million. LandBridge had a return on equity of 4.63% and a net margin of 13.72%. On average, research analysts forecast that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, December 4th. LandBridge’s payout ratio is presently 57.14%.

About LandBridge

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.