Gilder Gagnon Howe & Co. LLC Has $18.01 Million Holdings in LandBridge Co LLC (NYSE:LB)

Gilder Gagnon Howe & Co. LLC boosted its position in shares of LandBridge Co LLC (NYSE:LB - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278,856 shares of the company's stock after purchasing an additional 73,651 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.38% of LandBridge worth $18,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LB. Fairway Wealth LLC acquired a new stake in shares of LandBridge in the 4th quarter valued at $50,000. Generali Investments Management Co LLC bought a new position in LandBridge in the 4th quarter worth $52,000. Mad River Investors raised its holdings in LandBridge by 0.4% in the 4th quarter. Mad River Investors now owns 233,452 shares of the company's stock worth $15,081,000 after acquiring an additional 902 shares during the period. KBC Group NV bought a new position in LandBridge in the 4th quarter worth $72,000. Finally, Blue Trust Inc. bought a new position in LandBridge in the 4th quarter worth $110,000.

Analysts Set New Price Targets

LB has been the topic of several recent analyst reports. Raymond James lifted their target price on shares of LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Wells Fargo & Company set a $82.00 price objective on shares of LandBridge and gave the stock an "overweight" rating in a report on Friday, March 7th. Barclays boosted their price objective on shares of LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Piper Sandler dropped their price objective on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group upped their target price on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.44.

LandBridge Price Performance

LB traded down $1.31 during trading on Wednesday, hitting $72.96. The company's stock had a trading volume of 284,113 shares, compared to its average volume of 504,206. The stock has a market capitalization of $5.34 billion and a price-to-earnings ratio of 20.49. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The firm's 50 day moving average price is $69.05 and its two-hundred day moving average price is $66.95.

LandBridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. LandBridge's payout ratio is currently 11.24%.

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.