Miller Howard Investments Inc. NY Sells 4,009 Shares of Lamar Advertising Company $LAMR

Miller Howard Investments Inc. NY lowered its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 465,454 shares of the real estate investment trust’s stock after selling 4,009 shares during the quarter. Lamar Advertising comprises 1.8% of Miller Howard Investments Inc. NY’s holdings, making the stock its 13th biggest position. Miller Howard Investments Inc. NY’s holdings in Lamar Advertising were worth $67,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Viewpoint Investment Partners Corp lifted its position in shares of Lamar Advertising by 19.2% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 3,100 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 500 shares during the period. Hedeker Wealth LLC increased its holdings in shares of Lamar Advertising by 0.6% during the third quarter. Hedeker Wealth LLC now owns 18,238 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 101 shares in the last quarter. Provident Investment Management Inc. raised its holdings in Lamar Advertising by 2.3% in the 3rd quarter. Provident Investment Management Inc. now owns 6,230 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 140 shares during the last quarter. MBL Wealth LLC acquired a new position in Lamar Advertising during the 3rd quarter worth about $380,000. Finally, Royal Fund Management LLC boosted its stake in shares of Lamar Advertising by 3.0% in the 3rd quarter. Royal Fund Management LLC now owns 47,703 shares of the real estate investment trust’s stock valued at $6,874,000 after purchasing an additional 1,394 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LAMR has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a report on Friday, August 7th. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and upped their target price for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $160.17.

Lamar Advertising Stock Performance

LAMR stock opened at $157.01 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. The firm has a market cap of $15.94 billion, a PE ratio of 18.11 and a beta of 1.20. The business has a 50 day moving average of $148.80 and a 200-day moving average of $143.98. Lamar Advertising Company has a 12-month low of $114.45 and a 12-month high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting analysts’ consensus estimates of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%. The business had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, sell-side analysts expect that Lamar Advertising Company will post 8.40 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $6.60 annualized dividend and a dividend yield of 4.2%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. Lamar Advertising’s payout ratio is 120.44%.

Insider Activity at Lamar Advertising

In other news, Director Thomas Reifenheiser sold 8,099 shares of Lamar Advertising stock in a transaction on Monday, September 14th. The stock was sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the sale, the director directly owned 36,387 shares in the company, valued at $5,422,754.61. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.24% of the stock is owned by insiders.

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.