Tucker Asset Management LLC Buys New Position in Lamar Advertising Company $LAMR

Tucker Asset Management LLC bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 2nd quarter, Holdings Channel reports. The fund bought 3,510 shares of the real estate investment trust’s stock, valued at approximately $547,000.

Other hedge funds have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC bought a new position in Lamar Advertising during the fourth quarter worth $1,872,000. Legal & General Group Plc grew its holdings in Lamar Advertising by 4.6% in the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after purchasing an additional 10,265 shares during the period. Markel Group Inc. increased its stake in Lamar Advertising by 8.8% in the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after purchasing an additional 15,000 shares in the last quarter. HighTower Advisors LLC increased its stake in Lamar Advertising by 3.8% in the fourth quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust’s stock valued at $97,715,000 after purchasing an additional 27,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lamar Advertising by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after purchasing an additional 11,586 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research report on Friday, August 7th. TD Cowen boosted their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company upped their price target on Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Finally, Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $150.76 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The firm has a fifty day simple moving average of $156.49 and a two-hundred day simple moving average of $146.01. Lamar Advertising Company has a 12 month low of $114.45 and a 12 month high of $166.33. The firm has a market capitalization of $15.31 billion, a PE ratio of 27.51 and a beta of 1.17.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.58. The firm had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Analysts forecast that Lamar Advertising Company will post 8.43 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $1.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. Lamar Advertising’s dividend payout ratio (DPR) is currently 116.79%.

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.