Lamar Advertising Company $LAMR Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in Lamar Advertising Company (NASDAQ:LAMR) by 16,163.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,762,403 shares of the real estate investment trust’s stock after purchasing an additional 15,665,482 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Lamar Advertising worth $2,458,620,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC purchased a new stake in Lamar Advertising during the 4th quarter worth approximately $1,872,000. Legal & General Group Plc raised its stake in Lamar Advertising by 4.6% during the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock valued at $29,396,000 after buying an additional 10,265 shares in the last quarter. Markel Group Inc. raised its position in shares of Lamar Advertising by 8.8% during 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. Empowered Funds LLC raised its holdings in shares of Lamar Advertising by 11.2% during the first quarter. Empowered Funds LLC now owns 67,392 shares of the real estate investment trust’s stock worth $8,536,000 after purchasing an additional 6,793 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Lamar Advertising by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock worth $165,549,000 after acquiring an additional 11,586 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $147.70 on Friday. The stock’s fifty day simple moving average is $155.91 and its 200 day simple moving average is $146.46. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 26.95 and a beta of 1.17. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts’ consensus estimates of $1.58. The company had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, sell-side analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 annualized dividend and a yield of 4.5%. Lamar Advertising’s payout ratio is presently 116.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and upped their target price for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. TD Cowen increased their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley set a $170.00 price target on Lamar Advertising in a research report on Friday, August 7th. Finally, Wells Fargo & Company lifted their price target on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $160.17.

Lamar Advertising Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.