SG Americas Securities LLC Grows Stock Holdings in Lamar Advertising Company $LAMR

SG Americas Securities LLC lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 274.6% in the third quarter, HoldingsChannel.com reports. The firm owned 17,777 shares of the real estate investment trust’s stock after purchasing an additional 13,031 shares during the period. SG Americas Securities LLC’s holdings in Lamar Advertising were worth $2,176,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. HB Wealth Management LLC raised its position in Lamar Advertising by 49.7% during the 3rd quarter. HB Wealth Management LLC now owns 8,767 shares of the real estate investment trust’s stock valued at $1,073,000 after purchasing an additional 2,910 shares during the last quarter. Spire Wealth Management increased its stake in shares of Lamar Advertising by 23.0% during the third quarter. Spire Wealth Management now owns 1,079 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 202 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Lamar Advertising by 1.1% during the third quarter. KLP Kapitalforvaltning AS now owns 18,400 shares of the real estate investment trust’s stock valued at $2,253,000 after acquiring an additional 200 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Lamar Advertising by 24.0% during the third quarter. D.A. Davidson & CO. now owns 2,538 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 492 shares in the last quarter. Finally, Endeavor Private Wealth Inc. lifted its stake in Lamar Advertising by 2.9% in the third quarter. Endeavor Private Wealth Inc. now owns 5,303 shares of the real estate investment trust’s stock worth $649,000 after acquiring an additional 151 shares during the period. 93.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on LAMR shares. Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a research report on Tuesday, December 16th. Citigroup lifted their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $133.00.

Lamar Advertising Stock Up 0.8%

NASDAQ:LAMR opened at $130.78 on Thursday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50-day moving average price is $128.62 and its 200-day moving average price is $124.96. The company has a market capitalization of $13.25 billion, a PE ratio of 30.70 and a beta of 1.23. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $134.63.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. The business had revenue of $585.54 million for the quarter, compared to analyst estimates of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. On average, equities analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s payout ratio is currently 145.54%.

Lamar Advertising 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.