LFL Advisers LLC Increases Stake in Lamar Advertising Company $LAMR

LFL Advisers LLC grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,340 shares of the real estate investment trust’s stock after buying an additional 8,005 shares during the quarter. Lamar Advertising accounts for approximately 12.1% of LFL Advisers LLC’s holdings, making the stock its 5th biggest holding. LFL Advisers LLC’s holdings in Lamar Advertising were worth $40,068,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Lamar Advertising in the 4th quarter worth about $25,000. Sound Income Strategies LLC grew its holdings in Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Lamar Advertising during the 3rd quarter valued at about $33,000. Beacon Financial Strategies CORP purchased a new stake in Lamar Advertising in the 4th quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Lamar Advertising during the 3rd quarter valued at $39,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and raised their target price for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. TD Cowen increased their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley set a $145.00 price target on Lamar Advertising in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $154.67.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $158.91 on Thursday. The company has a 50 day moving average price of $154.06 and a 200 day moving average price of $140.27. The firm has a market capitalization of $16.12 billion, a P/E ratio of 29.32 and a beta of 1.19. 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 Company has a 52 week low of $113.66 and a 52 week high of $164.38.

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 for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Sell-side analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is currently 118.08%.

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.