Ross Lamar Reilly Sells 5,969 Shares of Lamar Advertising (NASDAQ:LAMR) Stock

Lamar Advertising Company (NASDAQ:LAMR) EVP Ross Lamar Reilly sold 5,969 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at $2,039,102.50. The trade was a 27.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Lamar Advertising Stock Down 0.8%

Shares of NASDAQ:LAMR traded down $1.05 during midday trading on Wednesday, reaching $126.47. The company had a trading volume of 428,500 shares, compared to its average volume of 546,206. The stock has a market capitalization of $12.82 billion, a P/E ratio of 21.92 and a beta of 1.21. The stock’s fifty day moving average price is $132.20 and its 200-day moving average price is $127.83. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.76.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). The company had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 5.1%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date is Monday, March 16th. Lamar Advertising’s payout ratio is 110.92%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. Wells Fargo & Company boosted their price target on Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Morgan Stanley set a $140.00 price target on Lamar Advertising in a research report on Tuesday, December 16th. UBS Group set a $150.00 price objective on Lamar Advertising in a research note on Monday, February 23rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. 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 has an average rating of “Moderate Buy” and an average target price of $139.80.

Hedge Funds Weigh In On Lamar Advertising

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Lamar Advertising by 10.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,902 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 459 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Lamar Advertising by 21.7% in the 4th quarter. World Investment Advisors now owns 2,641 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 471 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Lamar Advertising by 114.6% in the 4th quarter. Corient Private Wealth LLC now owns 25,471 shares of the real estate investment trust’s stock worth $3,224,000 after purchasing an additional 13,604 shares during the last quarter. Kera Capital Partners Inc. boosted its position in Lamar Advertising by 96.9% during the 4th quarter. Kera Capital Partners Inc. now owns 6,962 shares of the real estate investment trust’s stock valued at $893,000 after purchasing an additional 3,426 shares during the period. Finally, Vancity Investment Management Ltd grew its stake in Lamar Advertising by 32.8% during the 4th quarter. Vancity Investment Management Ltd now owns 56,589 shares of the real estate investment trust’s stock worth $7,163,000 after buying an additional 13,980 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

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.