Lamar Advertising Company $LAMR Stake Raised by Inceptionr LLC

Inceptionr LLC raised its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 218.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,904 shares of the real estate investment trust’s stock after acquiring an additional 6,112 shares during the period. Inceptionr LLC’s holdings in Lamar Advertising were worth $1,127,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Tucker Asset Management LLC bought a new stake in shares of Lamar Advertising in the 4th quarter worth approximately $25,000. Sound Income Strategies LLC boosted its holdings in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Lamar Advertising in the third quarter worth approximately $33,000. Beacon Financial Strategies CORP bought a new position in shares of Lamar Advertising in the fourth quarter valued at $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Lamar Advertising in the third quarter valued at $39,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Lamar Advertising

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was 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 approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.24% of the company’s stock.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $150.74 on Thursday. The stock has a market capitalization of $15.30 billion, a P/E ratio of 27.81 and a beta of 1.20. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $158.69. The business’s fifty day moving average is $142.00 and its two-hundred day moving average is $134.62. 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 (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.2%. Lamar Advertising’s payout ratio is currently 118.08%.

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.