Austin Private Wealth LLC Boosts Stock Position in Lamar Advertising Company $LAMR

Austin Private Wealth LLC grew its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,247 shares of the real estate investment trust’s stock after buying an additional 164 shares during the period. Austin Private Wealth LLC’s holdings in Lamar Advertising were worth $273,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Purkiss Capital Advisors LLC lifted its position in shares of Lamar Advertising by 245.2% during the 2nd quarter. Purkiss Capital Advisors LLC now owns 8,409 shares of the real estate investment trust’s stock valued at $1,020,000 after buying an additional 5,973 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of Lamar Advertising during the 2nd quarter valued at about $300,000. Signature Wealth Management Group lifted its position in shares of Lamar Advertising by 1.6% during the 2nd quarter. Signature Wealth Management Group now owns 32,735 shares of the real estate investment trust’s stock valued at $3,973,000 after buying an additional 504 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Lamar Advertising by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 474,208 shares of the real estate investment trust’s stock valued at $57,550,000 after buying an additional 19,812 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Lamar Advertising during the 2nd quarter valued at about $979,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Down 2.5%

NASDAQ LAMR opened at $116.42 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $137.30. The stock’s 50 day moving average is $123.30 and its 200 day moving average is $120.80. The stock has a market cap of $11.78 billion, a PE ratio of 27.07 and a beta of 1.37.

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

Lamar Advertising Dividend Announcement

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

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 14.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.