Brighton Jones LLC Makes New $979,000 Investment in Lamar Advertising Company $LAMR

Brighton Jones LLC purchased a new position in Lamar Advertising Company (NASDAQ:LAMR) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 8,070 shares of the real estate investment trust’s stock, valued at approximately $979,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blair William & Co. IL grew its position in Lamar Advertising by 1.5% in the second quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust’s stock worth $650,000 after buying an additional 81 shares during the last quarter. JB Capital LLC grew its position in Lamar Advertising by 0.3% in the second quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust’s stock worth $3,631,000 after buying an additional 82 shares during the last quarter. SWS Partners grew its position in Lamar Advertising by 0.6% in the first quarter. SWS Partners now owns 15,347 shares of the real estate investment trust’s stock worth $1,746,000 after buying an additional 85 shares during the last quarter. Bessemer Group Inc. grew its position in Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 94 shares during the last quarter. Finally, Signaturefd LLC grew its position in Lamar Advertising by 7.2% in the second quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

LAMR has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Wells Fargo & Company lowered their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.20.

Insider Activity

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.99% of the company’s stock.

Lamar Advertising Trading Down 0.1%

Lamar Advertising stock opened at $120.02 on Tuesday. The company’s fifty day simple moving average is $123.45 and its 200-day simple moving average is $120.70. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $137.30. The stock has a market cap of $12.15 billion, a P/E ratio of 27.91 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million for the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s payout ratio is currently 144.19%.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.