Lamar Advertising Company $LAMR Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 131,355 shares of the real estate investment trust’s stock after acquiring an additional 5,405 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Lamar Advertising worth $16,627,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Lamar Advertising by 31.3% in the 3rd quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock valued at $12,520,000 after acquiring an additional 24,391 shares during the last quarter. SG Americas Securities LLC raised its holdings in Lamar Advertising by 323.6% in the 4th quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock valued at $9,531,000 after acquiring an additional 57,520 shares during the last quarter. Berkshire Hathaway Inc raised its holdings in Lamar Advertising by 2.8% in the 3rd quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after acquiring an additional 32,603 shares during the last quarter. Markel Group Inc. raised its holdings in Lamar Advertising by 8.8% in the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in Lamar Advertising in the 4th quarter valued at $1,872,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Up 0.0%

Shares of NASDAQ LAMR opened at $150.48 on Wednesday. Lamar Advertising Company has a 52-week low of $113.66 and a 52-week high of $158.69. The firm has a fifty day moving average of $138.53 and a 200-day moving average of $133.51. The stock has a market capitalization of $15.27 billion, a PE ratio of 27.76 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. On average, analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.3%. Lamar Advertising’s payout ratio is currently 118.08%.

Insider Activity

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LAMR has been the subject of several analyst reports. Morgan Stanley set a $145.00 price target on Lamar Advertising in a report on Thursday, May 7th. UBS Group set a $150.00 price target on Lamar Advertising in a report on Monday, February 23rd. Wells Fargo & Company boosted their price target on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Company 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.