Marble Wealth LLC Invests $679,000 in Lamar Advertising Company $LAMR

Marble Wealth LLC bought a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,363 shares of the real estate investment trust’s stock, valued at approximately $679,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in Lamar Advertising by 12,278.7% in the fourth quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after buying an additional 1,138,603 shares during the last quarter. Norges Bank purchased a new position in shares of Lamar Advertising during the fourth quarter worth approximately $104,705,000. AQR Capital Management LLC grew its position in shares of Lamar Advertising by 123.8% during the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after acquiring an additional 816,217 shares during the last quarter. Egerton Capital UK LLP acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at $88,615,000. Finally, Invesco Ltd. raised its position in Lamar Advertising by 97.8% in the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock valued at $121,439,000 after purchasing an additional 490,463 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Down 0.6%

NASDAQ LAMR opened at $149.59 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $15.18 billion, a P/E ratio of 27.60 and a beta of 1.20. Lamar Advertising Company has a 52-week low of $113.66 and a 52-week high of $158.69. The firm has a 50-day moving average price of $139.50 and a 200 day moving average price of $133.83.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Equities research analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio is currently 118.08%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.24% of the company’s stock.

Wall Street Analyst Weigh In

LAMR has been the subject of a number of recent research reports. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research note on Monday, February 23rd. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a report on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. TD Cowen raised their price target on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.