Westwood Holdings Group Inc. Acquires Shares of 30,000 Lamar Advertising Company $LAMR

Westwood Holdings Group Inc. bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the real estate investment trust’s stock, valued at approximately $3,641,000.

A number of other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its position in shares of Lamar Advertising by 466.7% in the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. 1248 Management LLC acquired a new stake in Lamar Advertising during the 1st quarter valued at $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Lamar Advertising in the second quarter valued at $28,000. HHM Wealth Advisors LLC boosted its position in shares of Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 269 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Thursday. Citigroup upped their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Morgan Stanley raised their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $131.75.

Lamar Advertising Stock Performance

LAMR stock opened at $129.04 on Monday. The firm has a 50 day moving average of $122.51 and a two-hundred day moving average of $121.90. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $135.91. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 29.96 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The business had revenue of $585.54 million for the quarter, compared to the consensus estimate of $584.00 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. As a group, equities analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio is 145.54%.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.99% of the company’s stock.

Lamar Advertising Company 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.