Lamar Advertising Company $LAMR Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Lamar Advertising Company (NASDAQ:LAMR) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,961 shares of the real estate investment trust’s stock after selling 9,813 shares during the quarter. Natixis Advisors LLC’s holdings in Lamar Advertising were worth $6,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of Lamar Advertising by 31.3% in the 3rd quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock valued at $12,520,000 after buying an additional 24,391 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Lamar Advertising by 323.6% in the 4th quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock valued at $9,531,000 after buying an additional 57,520 shares during the period. Berkshire Hathaway Inc lifted its holdings in shares of 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 buying an additional 32,603 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Lamar Advertising in the 4th quarter valued at about $1,872,000. Finally, Markel Group Inc. lifted its holdings in shares of 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 buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Down 1.1%

LAMR stock opened at $149.69 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $158.69. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 27.62 and a beta of 1.20. The business’s 50-day moving average is $140.93 and its 200 day moving average is $134.30.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. On average, sell-side analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s payout ratio is presently 118.08%.

Insider Transactions at Lamar Advertising

In related news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the sale, the executive vice president directly owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LAMR. UBS Group set a $150.00 target price on Lamar Advertising in a research report on Monday, February 23rd. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, TD Cowen raised their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Lamar Advertising has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.