Schulhoff & Co. Inc. Purchases 425 Shares of Lamar Advertising Company $LAMR

Schulhoff & Co. Inc. increased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 24.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,195 shares of the real estate investment trust’s stock after acquiring an additional 425 shares during the period. Schulhoff & Co. Inc.’s holdings in Lamar Advertising were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LAMR. AQR Capital Management LLC grew its stake in Lamar Advertising by 426.0% in the 1st quarter. AQR Capital Management LLC now owns 659,308 shares of the real estate investment trust’s stock worth $74,340,000 after buying an additional 533,959 shares in the last quarter. Nuveen LLC purchased a new position in Lamar Advertising in the 1st quarter worth approximately $40,699,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Lamar Advertising by 181.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 363,949 shares of the real estate investment trust’s stock worth $41,410,000 after buying an additional 234,735 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Lamar Advertising by 158.6% in the 1st quarter. Millennium Management LLC now owns 306,887 shares of the real estate investment trust’s stock valued at $34,918,000 after purchasing an additional 188,213 shares in the last quarter. Finally, Easterly Investment Partners LLC boosted its stake in shares of Lamar Advertising by 269.4% in the 1st quarter. Easterly Investment Partners LLC now owns 158,733 shares of the real estate investment trust’s stock valued at $18,061,000 after purchasing an additional 115,762 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.8%

Shares of LAMR opened at $121.11 on Wednesday. The stock has a market capitalization of $12.26 billion, a P/E ratio of 28.17 and a beta of 1.37. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The firm has a fifty day simple moving average of $123.57 and a two-hundred day simple moving average of $120.25. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $137.47.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.1%. Lamar Advertising’s dividend payout ratio is presently 144.19%.

Insider Buying and Selling

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LAMR. Wells Fargo & Company cut their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.