Wellington Management Group LLP lifted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 1.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,125,742 shares of the real estate investment trust’s stock after buying an additional 27,100 shares during the period. Wellington Management Group LLP owned about 2.09% of Lamar Advertising worth $331,573,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its holdings in Lamar Advertising by 451.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 212 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising during the 3rd quarter worth approximately $33,000. Western Wealth Management LLC acquired a new stake in Lamar Advertising during the 1st quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its holdings in Lamar Advertising by 48.1% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 103 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on LAMR shares. Morgan Stanley set a $170.00 price target on shares of Lamar Advertising in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the company from $145.00 to $160.00 in a report on Friday, July 10th. Finally, Wells Fargo & Company raised their target price on Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.17.
Lamar Advertising Price Performance
Lamar Advertising stock opened at $150.38 on Monday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33. The firm has a 50 day moving average price of $156.78 and a two-hundred day moving average price of $145.37. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 27.44 and a beta of 1.19.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, hitting the consensus estimate of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The company 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. Equities analysts predict that Lamar Advertising Company will post 8.43 EPS for the current year.
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.
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