LandBridge Company LLC $LB Shares Bought by First Manhattan CO. LLC.

Posted by George Bondi on Jun 18th, 2026

First Manhattan CO. LLC. boosted its stake in shares of LandBridge Company LLC (NYSE:LB – Free Report) by 24.0% in the fourth quarter, Holdings Channel reports. The fund owned 6,861,939 shares of the company’s stock after purchasing an additional 1,330,099 shares during the period. LandBridge accounts for about 0.9% of First Manhattan CO. LLC.’s portfolio, making the stock its 24th biggest position. First Manhattan CO. LLC. owned about 0.09% of LandBridge worth $338,714,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in shares of LandBridge by 30.7% in the 4th quarter. HighTower Advisors LLC now owns 110,626 shares of the company’s stock valued at $5,420,000 after buying an additional 26,014 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of LandBridge by 11.4% in the 3rd quarter. Moors & Cabot Inc. now owns 196,379 shares of the company’s stock valued at $10,477,000 after buying an additional 20,115 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of LandBridge in the 4th quarter valued at approximately $2,865,000. Viking Fund Management LLC lifted its holdings in shares of LandBridge by 100.0% in the 4th quarter. Viking Fund Management LLC now owns 80,000 shares of the company’s stock valued at $3,919,000 after buying an additional 40,000 shares during the period. Finally, Mad River Investors lifted its holdings in shares of LandBridge by 9.1% in the 4th 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 period.

Analyst Ratings Changes

Several research firms have recently commented on LB. Piper Sandler reissued a “neutral” rating and issued a $66.00 price target (up from $65.00) on shares of LandBridge in a report on Friday, May 8th. The Goldman Sachs Group set a $84.00 price target on LandBridge in a report on Thursday, May 28th. Barclays raised their price target on LandBridge from $57.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Zacks Research cut LandBridge from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $76.17.

Check Out Our Latest Stock Analysis on LandBridge

LandBridge Stock Performance

NYSE LB opened at $63.62 on Thursday. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $85.60. The company has a market capitalization of $4.90 billion, a P/E ratio of 65.59 and a beta of 0.08. The business has a 50 day moving average price of $69.48 and a 200 day moving average price of $64.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.15 and a quick ratio of 3.15.

LandBridge (NYSE:LB – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.44). LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The firm had revenue of $51.01 million during the quarter, compared to analysts’ expectations of $58.72 million. During the same period in the previous year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that LandBridge Company LLC will post 1.48 EPS for the current fiscal year.

LandBridge declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 4th. LandBridge’s dividend payout ratio (DPR) is presently 49.48%.

About LandBridge

(Free Report)

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.