Lamar Advertising Company $LAMR Stock: Boston Trust Walden Corp Trims Stake

Posted by Francis Steltz on Nov 5th, 2026

Boston Trust Walden Corp reduced its stake in shares of Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,463 shares of the real estate investment trust’s stock after selling 10,305 shares during the period. Boston Trust Walden Corp’s holdings in Lamar Advertising were worth $43,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quantinno Capital Management LP raised its stake in shares of Lamar Advertising by 49.7% in the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust’s stock valued at $85,774,000 after purchasing an additional 224,775 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Lamar Advertising during the second quarter worth about $26,469,000. Public Employees Retirement System of Ohio bought a new position in shares of Lamar Advertising during the second quarter worth about $20,052,000. Adelante Capital Management LLC acquired a new position in Lamar Advertising in the second quarter worth about $19,122,000. Finally, Renaissance Technologies LLC acquired a new position in Lamar Advertising in the first quarter worth about $12,440,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a report on Friday, August 7th. JPMorgan Chase & Co. increased their target price on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wells Fargo & Company lifted their target price on Lamar Advertising from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Finally, Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the company from $145.00 to $160.00 in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $161.00.

Check Out Our Latest Report on Lamar Advertising

Insider Activity at Lamar Advertising

In other news, Director Thomas Reifenheiser sold 8,099 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the transaction, the director directly owned 36,387 shares of the company’s stock, valued at approximately $5,422,754.61. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.24% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $158.58 on Thursday. Lamar Advertising Company has a 12-month low of $117.52 and a 12-month high of $166.33. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 18.32 and a beta of 1.23. The business has a 50 day simple moving average of $149.54 and a 200 day simple moving average of $145.09. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%. The firm had revenue of $616.75 million for the quarter, compared to the consensus estimate of $606.61 million. On average, equities research analysts anticipate that Lamar Advertising Company will post 8.40 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $1.65 dividend. The ex-dividend date of this dividend was 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 dividend yield of 4.2%. Lamar Advertising’s dividend payout ratio (DPR) is currently 120.44%.

About Lamar Advertising

(Free Report)

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.