Honeywell International Inc. Invests $1.47 Million in Lamar Advertising Co (NASDAQ:LAMR)

Honeywell International Inc. acquired a new position in Lamar Advertising Co (NASDAQ:LAMR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,150 shares of the real estate investment trust’s stock, valued at approximately $1,465,000.

Other large investors have also recently made changes to their positions in the company. First Allied Advisory Services Inc. raised its position in Lamar Advertising by 4.3% during the first quarter. First Allied Advisory Services Inc. now owns 3,107 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 129 shares in the last quarter. 6 Meridian raised its position in Lamar Advertising by 2.0% during the second quarter. 6 Meridian now owns 6,540 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 131 shares in the last quarter. Tompkins Financial Corp raised its position in Lamar Advertising by 63.3% during the first quarter. Tompkins Financial Corp now owns 343 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 133 shares in the last quarter. AE Wealth Management LLC raised its position in Lamar Advertising by 0.9% during the second quarter. AE Wealth Management LLC now owns 21,158 shares of the real estate investment trust’s stock valued at $1,708,000 after acquiring an additional 181 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its position in Lamar Advertising by 2.7% during the first quarter. WealthPLAN Partners LLC now owns 7,320 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

Shares of LAMR opened at $79.37 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.52 and a current ratio of 0.52. Lamar Advertising Co has a 12 month low of $64.51 and a 12 month high of $84.50. The firm has a 50 day simple moving average of $80.96. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 14.43 and a beta of 0.95.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.43). Lamar Advertising had a net margin of 20.68% and a return on equity of 30.95%. The business had revenue of $384.50 million during the quarter, compared to analyst estimates of $384.84 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts anticipate that Lamar Advertising Co will post 5.62 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the company. BidaskClub upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.50.

In other Lamar Advertising news, Director Thomas V. Reifenheiser sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $81.05, for a total value of $324,200.00. Following the sale, the director now directly owns 38,708 shares of the company’s stock, valued at $3,137,283.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Keith A. Istre sold 16,294 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $80.28, for a total value of $1,308,082.32. Following the completion of the sale, the chief financial officer now directly owns 118,991 shares in the company, valued at $9,552,597.48. The disclosure for this sale can be found here. 15.19% of the stock is currently owned by company insiders.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

Further Reading: What is Green Investing?

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising Co (NASDAQ:LAMR).

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

Receive News & Ratings for Lamar Advertising Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising and related companies with MarketBeat.com's FREE daily email newsletter.