28,956 Shares in Lamar Advertising Company $LAMR Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,956 shares of the real estate investment trust’s stock, valued at approximately $3,514,000.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in 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 position in shares of Lamar Advertising during the 1st quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Lamar Advertising in the second quarter valued at approximately $28,000. HHM Wealth Advisors LLC boosted its position in Lamar Advertising by 26,900.0% during the first 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 during the period. Finally, Truvestments Capital LLC grew its stake in Lamar Advertising by 79.5% in the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 140 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Citigroup increased their price target on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company decreased their price target 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $131.75.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $127.37 on Thursday. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $135.91. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 29.62 and a beta of 1.36. The business’s fifty day moving average is $122.53 and its 200 day moving average is $122.12.

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 the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The firm had revenue of $585.54 million for the quarter, compared to analysts’ expectations of $584.00 million. Research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $1.55 dividend. The ex-dividend date was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 4.9%. Lamar Advertising’s payout ratio is presently 145.54%.

Insider Buying and Selling at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’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 transaction of $2,734,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.99% of the company’s stock.

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.