Miller Howard Investments Inc. NY Reduces Holdings in Lamar Advertising Company $LAMR

Miller Howard Investments Inc. NY trimmed its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,193 shares of the real estate investment trust’s stock after selling 4,275 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Lamar Advertising were worth $39,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LAMR. Sivia Capital Partners LLC purchased a new position in Lamar Advertising during the second quarter worth $510,000. Arrowstreet Capital Limited Partnership boosted its stake in Lamar Advertising by 250.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after buying an additional 34,002 shares during the period. Amundi boosted its stake 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 buying an additional 1,417 shares during the period. Gamco Investors INC. ET AL purchased a new position in Lamar Advertising during the second quarter worth $873,000. Finally, Cerity Partners LLC boosted its stake in Lamar Advertising by 39.0% during the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after buying an additional 10,423 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $135.04 on Monday. Lamar Advertising Company has a twelve month low of $105.78 and a twelve month high of $139.76. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 23.40 and a beta of 1.20. The stock has a fifty day simple moving average of $132.21 and a 200-day simple moving average of $128.45. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.The business had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.7%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date was Monday, March 16th. Lamar Advertising’s dividend payout ratio is 110.92%.

Wall Street Analyst Weigh In

Several research firms have commented on LAMR. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday, February 23rd. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Lamar Advertising in a research note on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.80.

Insider Buying and Selling at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction on Monday, March 23rd. The stock was 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 in the company, valued at approximately $2,039,102.50. This trade represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.24% of the company’s stock.

About Lamar Advertising

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.