Lamar Advertising Company (NASDAQ:LAMR) Receives $148.00 Average Price Target from Analysts

Shares of Lamar Advertising Company (NASDAQ:LAMR) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $148.00.

A number of analysts have commented on the stock. UBS Group set a $150.00 target price on shares of Lamar Advertising in a report on Monday, February 23rd. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a report on Thursday, May 7th. TD Cowen lifted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.

Lamar Advertising Price Performance

LAMR opened at $150.54 on Wednesday. The company has a fifty day moving average price of $141.46 and a two-hundred day moving average price of $134.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising has a 52 week low of $113.66 and a 52 week high of $158.69. The firm has a market capitalization of $15.28 billion, a PE ratio of 27.77 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $522.86 million. As a group, analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.

Insider Buying and Selling

In other news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the transaction, the executive vice president directly owned 15,850 shares of the company’s stock, valued at $2,039,102.50. This trade represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Lamar Advertising

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Lamar Advertising by 31.3% during the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock worth $12,520,000 after purchasing an additional 24,391 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock worth $9,531,000 after purchasing an additional 57,520 shares in the last quarter. Berkshire Hathaway Inc lifted its position in Lamar Advertising by 2.8% in the 3rd quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after acquiring an additional 32,603 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in Lamar Advertising in the 4th quarter valued at $1,872,000. Finally, Markel Group Inc. lifted its position in Lamar Advertising by 8.8% in the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after acquiring an additional 15,000 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Company 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.