Entropy Technologies LP Buys 8,455 Shares of Lamar Advertising Company $LAMR

Entropy Technologies LP boosted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 66.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,170 shares of the real estate investment trust’s stock after purchasing an additional 8,455 shares during the period. Entropy Technologies LP’s holdings in Lamar Advertising were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arete Wealth Advisors LLC increased its position in shares of Lamar Advertising by 22.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,559 shares of the real estate investment trust’s stock valued at $704,000 after acquiring an additional 1,023 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Lamar Advertising by 75.0% in the fourth quarter. Kestra Advisory Services LLC now owns 4,685 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 2,008 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Lamar Advertising in the fourth quarter valued at about $1,699,000. Avenir Corp increased its position in shares of Lamar Advertising by 16.3% in the fourth quarter. Avenir Corp now owns 6,780 shares of the real estate investment trust’s stock valued at $858,000 after acquiring an additional 950 shares during the last quarter. Finally, Advisory Research Inc. increased its position in shares of Lamar Advertising by 2.2% in the fourth quarter. Advisory Research Inc. now owns 60,425 shares of the real estate investment trust’s stock valued at $7,649,000 after acquiring an additional 1,290 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LAMR shares. Wells Fargo & Company lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. 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 price objective on shares of Lamar Advertising in a research report on Thursday, May 7th. Finally, TD Cowen lifted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.00.

Lamar Advertising Stock Performance

Shares of LAMR opened at $154.35 on Monday. The firm has a 50-day moving average of $143.09 and a 200-day moving average of $134.93. Lamar Advertising Company has a one year low of $113.66 and a one year high of $158.69. The company has a market cap of $15.66 billion, a PE ratio of 28.48 and a beta of 1.20. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. As a group, equities analysts forecast that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s payout ratio is presently 118.08%.

Insider Activity 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 shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the sale, the executive vice president 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.24% of the company’s stock.

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.