Victory Capital Management Inc. Sells 25,489 Shares of Lamar Advertising Company $LAMR

Victory Capital Management Inc. lowered its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,131,989 shares of the real estate investment trust’s stock after selling 25,489 shares during the quarter. Victory Capital Management Inc.’s holdings in Lamar Advertising were worth $396,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in Lamar Advertising during the fourth quarter worth $25,000. Sound Income Strategies LLC increased its position in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Lamar Advertising during the third quarter worth $33,000. Beacon Financial Strategies CORP bought a new position in Lamar Advertising during the fourth quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Lamar Advertising during the third quarter worth $39,000. Institutional investors own 93.78% of the company’s stock.

Insider Activity at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.24% of the company’s stock.

Lamar Advertising Trading Up 1.3%

Shares of Lamar Advertising stock opened at $154.35 on Friday. The firm has a market capitalization of $15.66 billion, a PE ratio of 28.48 and a beta of 1.20. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The company’s fifty day moving average price is $143.09 and its two-hundred day moving average price is $134.91. Lamar Advertising Company has a 52-week low of $113.66 and a 52-week high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. On average, analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LAMR shares. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research report on Monday, February 23rd. TD Cowen boosted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising 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.