Key Points
- Director Thomas Reifenheiser sold 8,099 Lamar Advertising shares at an average price of $149.03, generating approximately $1.21 million and reducing his position by 18.21%.
- Lamar reported quarterly EPS of $1.58, matching estimates, while revenue of $616.75 million exceeded expectations. The company also raised its quarterly dividend to $1.65 per share, representing a 4.5% annualized yield.
- Analysts maintain a consensus “Hold” rating with a $160.17 price target; institutional investors own 93.78% of the company’s stock.
Lamar Advertising Company (NASDAQ:LAMR - Get Free Report) Director Thomas Reifenheiser sold 8,099 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $149.03, for a total value of $1,206,993.97. Following the transaction, the director owned 36,387 shares in the company, valued at $5,422,754.61. This trade represents a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lamar Advertising Price Performance
Lamar Advertising stock opened at $147.53 on Thursday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 26.92 and a beta of 1.17. The company's fifty day moving average price is $155.08 and its 200 day moving average price is $146.86. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. Lamar Advertising Company has a 1 year low of $114.45 and a 1 year high of $166.33.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, hitting analysts' consensus estimates of $1.58. The company had revenue of $616.75 million during the quarter, compared to analysts' expectations 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. As a group, equities research analysts anticipate that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.
Lamar Advertising Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $1.65 per share. This is a boost from Lamar Advertising's previous quarterly dividend of $1.60. The ex-dividend date is Monday, September 21st. This represents a $6.60 annualized dividend and a dividend yield of 4.5%. Lamar Advertising's payout ratio is currently 116.79%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Lamar Advertising from $150.00 to $151.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Citigroup lowered Lamar Advertising from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Finally, Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $160.17.
Check Out Our Latest Report on Lamar Advertising
Institutional Trading of Lamar Advertising
Several large investors have recently bought and sold shares of LAMR. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Lamar Advertising in the 4th quarter valued at $1,872,000. Legal & General Group Plc increased its position in shares of Lamar Advertising by 4.6% during the 4th 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 last quarter. Markel Group Inc. raised its holdings in Lamar Advertising by 8.8% in the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust's stock valued at $23,417,000 after buying an additional 15,000 shares during the period. HighTower Advisors LLC lifted its position 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 buying an additional 27,907 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Lamar Advertising by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust's stock worth $165,549,000 after buying an additional 11,586 shares during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.
Lamar Advertising Company Profile
(
Get Free Report)
Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.
The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.
Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America's major out-of-home advertising providers.
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