Lamar Advertising Company $LAMR Stock Holdings Cut by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 26.2% during the 3rd quarter, Holdings Channel reports. The firm owned 15,416 shares of the real estate investment trust’s stock after selling 5,465 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lamar Advertising were worth $1,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC boosted its stake in Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Lamar Advertising in the third quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new stake in Lamar Advertising in the 2nd quarter valued at about $28,000. 1248 Management LLC bought a new position in shares of Lamar Advertising during the 1st quarter valued at about $34,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Lamar Advertising in the 2nd quarter worth approximately $34,000. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of research reports. Morgan Stanley set a $140.00 target price on shares of Lamar Advertising in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Citigroup raised their price objective on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $133.00.

Lamar Advertising Stock Up 0.2%

LAMR stock opened at $127.48 on Friday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $12.91 billion, a P/E ratio of 29.92 and a beta of 1.23. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $134.63. The company’s 50 day simple moving average is $127.76 and its 200-day simple moving average is $124.68.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.06. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. The firm had revenue of $585.54 million for the quarter, compared to analysts’ expectations of $584.00 million. As a group, equities research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $1.55 per share. The ex-dividend date was Monday, December 22nd. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising’s payout ratio is currently 145.54%.

Lamar Advertising Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.