Focus Partners Advisor Solutions LLC Increases Holdings in Lamar Advertising Company $LAMR

Focus Partners Advisor Solutions LLC raised its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 103.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,710 shares of the real estate investment trust’s stock after buying an additional 2,397 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Lamar Advertising were worth $572,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LAMR. 1248 Management LLC purchased a new position in Lamar Advertising during the first quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising in the 1st quarter worth $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising in the 2nd quarter worth $28,000. HHM Wealth Advisors LLC increased its holdings in shares of Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC increased its holdings in shares of Lamar Advertising by 79.5% in the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.99% of the stock is owned by insiders.

Lamar Advertising Stock Performance

Shares of LAMR opened at $116.42 on Thursday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a one year low of $99.84 and a one year high of $137.30. The firm has a market capitalization of $11.78 billion, a P/E ratio of 27.07 and a beta of 1.37. The business has a fifty day moving average of $123.30 and a 200 day moving average of $120.80.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a dividend yield of 5.3%. Lamar Advertising’s payout ratio is presently 144.19%.

Wall Street Analyst Weigh In

A number of research firms have commented on LAMR. Wells Fargo & Company reduced their target price on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Finally, Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Lamar Advertising presently has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.