Insider Selling: Lamar Advertising (NASDAQ:LAMR) Director Sells $1,206,993.97 in Stock

Lamar Advertising Company (NASDAQ:LAMR) Director Thomas Reifenheiser sold 8,099 shares of Lamar Advertising stock in a transaction on Monday, September 14th. The shares were sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the sale, the director directly owned 36,387 shares of the company’s stock, valued at approximately $5,422,754.61. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lamar Advertising Stock Performance

LAMR opened at $146.81 on Friday. Lamar Advertising Company has a 1-year low of $114.45 and a 1-year high of $166.33. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 26.79 and a beta of 1.17. The company’s fifty day moving average price is $154.60 and its two-hundred day moving average price is $146.93. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29.

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

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 4.5%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Monday, September 21st. Lamar Advertising’s dividend payout ratio (DPR) is currently 116.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LAMR. First Citizens Bank & Trust Co. raised its stake in Lamar Advertising by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 75 shares during the period. Praxis Investment Management Inc. lifted its holdings in Lamar Advertising by 2.7% during the first quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 76 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Lamar Advertising by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 78 shares during the period. Argent Advisors Inc. increased its stake in shares of Lamar Advertising by 0.6% in the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after purchasing an additional 80 shares in the last quarter. Finally, REAP Financial Group LLC raised its position in shares of Lamar Advertising by 13.5% in the fourth quarter. REAP Financial Group LLC now owns 706 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 84 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of recent research reports. Morgan Stanley set a $170.00 target price on Lamar Advertising in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Lamar Advertising has an average rating of “Hold” and an average price target of $160.17.

About Lamar Advertising

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.