Lamar Advertising Company $LAMR Stake Cut by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 26.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,416 shares of the real estate investment trust’s stock after selling 5,465 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lamar Advertising were worth $1,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its position in shares of Lamar Advertising by 466.7% during the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Lamar Advertising in the third quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new position in Lamar Advertising in the second quarter valued at approximately $28,000. 1248 Management LLC bought a new position in shares of Lamar Advertising during the first quarter valued at approximately $34,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Lamar Advertising during the second quarter valued at approximately $34,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LAMR. Citigroup raised their price target on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. Morgan Stanley set a $140.00 price target on shares of Lamar Advertising in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising presently has an average rating of “Hold” and a consensus price target of $133.00.

Lamar Advertising Trading Up 0.2%

Shares of LAMR stock opened at $127.48 on Friday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $134.63. The firm has a market capitalization of $12.91 billion, a PE ratio of 29.92 and a beta of 1.23. The stock has a fifty day moving average of $127.76 and a two-hundred day moving average of $124.68. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.59 and a current ratio of 0.59.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The company had revenue of $585.54 million for the quarter, compared to analyst estimates of $584.00 million. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%. As a group, research analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s dividend payout ratio is currently 145.54%.

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.