Moors & Cabot Inc. Purchases 9,738 Shares of LandBridge Company LLC $LB

Moors & Cabot Inc. boosted its position in shares of LandBridge Company LLC (NYSE:LB) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 206,117 shares of the company’s stock after purchasing an additional 9,738 shares during the quarter. Moors & Cabot Inc.’s holdings in LandBridge were worth $10,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of LandBridge by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 32,419 shares of the company’s stock valued at $1,588,000 after purchasing an additional 2,251 shares during the last quarter. Malaga Cove Capital LLC grew its stake in LandBridge by 7.7% during the 4th quarter. Malaga Cove Capital LLC now owns 17,388 shares of the company’s stock worth $852,000 after buying an additional 1,238 shares during the last quarter. William Blair Investment Management LLC acquired a new position in LandBridge during the 4th quarter valued at about $33,817,000. Jefferies Financial Group Inc. acquired a new position in LandBridge during the 4th quarter valued at about $2,865,000. Finally, Mad River Investors raised its stake in LandBridge by 9.1% in the fourth quarter. Mad River Investors now owns 262,934 shares of the company’s stock valued at $12,881,000 after buying an additional 21,878 shares during the last quarter.

Insider Transactions at LandBridge

In other news, Director Charles L. Watson sold 13,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $75.00, for a total transaction of $975,000.00. Following the completion of the sale, the director owned 64,250 shares of the company’s stock, valued at $4,818,750. This represents a 16.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 53,350 shares of company stock worth $3,974,555. Insiders own 70.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LB shares. Barclays upped their price objective on shares of LandBridge from $57.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a report on Wednesday, April 8th. Piper Sandler reissued a “neutral” rating and issued a $66.00 target price (up from $65.00) on shares of LandBridge in a research report on Friday, May 8th. The Goldman Sachs Group set a $84.00 target price on LandBridge in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.17.

LandBridge Stock Performance

NYSE LB opened at $75.13 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15. The stock has a 50-day simple moving average of $69.87 and a two-hundred day simple moving average of $63.76. LandBridge Company LLC has a fifty-two week low of $43.75 and a fifty-two week high of $85.60. The firm has a market capitalization of $5.79 billion, a P/E ratio of 77.46 and a beta of 0.14.

LandBridge (NYSE:LB) last posted its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.44). LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The business had revenue of $51.01 million for the quarter, compared to analyst estimates of $58.72 million. During the same quarter last year, the business earned $0.37 earnings per share. LandBridge’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that LandBridge Company LLC will post 1.48 earnings per share for the current year.

LandBridge announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 25th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $0.12 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. LandBridge’s dividend payout ratio (DPR) is presently 49.48%.

LandBridge Profile

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.