Empowered Funds LLC Boosts Stock Holdings in Lamar Advertising Company $LAMR

Empowered Funds LLC lifted its position in Lamar Advertising Company (NASDAQ:LAMR) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,392 shares of the real estate investment trust’s stock after purchasing an additional 6,793 shares during the period. Empowered Funds LLC’s holdings in Lamar Advertising were worth $8,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LAMR. Sivia Capital Partners LLC purchased a new stake in shares of Lamar Advertising during the 2nd quarter worth about $510,000. Arrowstreet Capital Limited Partnership raised its holdings in Lamar Advertising by 250.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after purchasing an additional 34,002 shares during the period. Amundi boosted its position in Lamar Advertising by 224.6% during the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 1,417 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Lamar Advertising during the second quarter worth approximately $873,000. Finally, Cerity Partners LLC grew its holdings in Lamar Advertising by 39.0% in the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock valued at $4,510,000 after purchasing an additional 10,423 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $155.47 on Friday. The company has a market cap of $15.79 billion, a P/E ratio of 28.37 and a beta of 1.19. Lamar Advertising Company has a twelve month low of $114.45 and a twelve month high of $166.33. The company’s 50-day moving average price is $156.66 and its 200-day moving average price is $143.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The company had revenue of $616.75 million during the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, sell-side analysts forecast that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LAMR has been the subject of a number of recent analyst reports. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research report on Friday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.17.

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.