3,510 Shares in Lamar Advertising Company $LAMR Bought by Tucker Asset Management LLC

Tucker Asset Management LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,510 shares of the real estate investment trust’s stock, valued at approximately $547,000.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of Lamar Advertising by 16,163.1% during the second quarter. California State Teachers Retirement System now owns 15,762,403 shares of the real estate investment trust’s stock worth $2,458,620,000 after purchasing an additional 15,665,482 shares during the last quarter. Boston Partners raised its holdings in Lamar Advertising by 2.0% in the 3rd quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock valued at $291,928,000 after buying an additional 46,361 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock valued at $301,573,000 after buying an additional 32,542 shares during the last quarter. Wellington Management Group LLP boosted its position in Lamar Advertising by 1.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock worth $331,573,000 after buying an additional 27,100 shares during the period. Finally, Northern Trust Corp boosted its position in Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after buying an additional 314,235 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $150.76 on Monday. The business’s 50 day simple moving average is $156.49 and its 200 day simple moving average is $146.01. Lamar Advertising Company has a one year low of $114.45 and a one year high of $166.33. The stock has a market capitalization of $15.31 billion, a PE ratio of 27.51 and a beta of 1.17. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.58. The firm had revenue of $616.75 million during the quarter, compared to analyst estimates 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, research analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $1.65 per share. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, September 21st. Lamar Advertising’s payout ratio is 116.79%.

Wall Street Analyst Weigh In

LAMR has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Finally, Morgan Stanley set a $170.00 price objective on Lamar Advertising in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.17.

About Lamar Advertising

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.