Crawford Investment Counsel Inc. raised its holdings in Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 209,241 shares of the real estate investment trust’s stock after purchasing an additional 3,676 shares during the period. Crawford Investment Counsel Inc.’s holdings in Lamar Advertising were worth $26,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners grew its stake in Lamar Advertising by 2.0% in the 3rd quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock valued at $291,928,000 after purchasing an additional 46,361 shares during the period. Geode Capital Management LLC grew its stake in Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock valued at $301,573,000 after purchasing an additional 32,542 shares during the period. Northern Trust Corp grew its stake in Lamar Advertising by 23.9% in the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock valued at $199,490,000 after purchasing an additional 314,235 shares during the period. AQR Capital Management LLC grew its stake in Lamar Advertising by 7.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock valued at $193,166,000 after purchasing an additional 112,362 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Lamar Advertising by 13.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock valued at $180,973,000 after purchasing an additional 178,880 shares during the period. Institutional investors own 93.78% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on LAMR. UBS Group set a $150.00 price objective on Lamar Advertising in a research note on Monday, February 23rd. TD Cowen increased their price target on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company increased their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.
Lamar Advertising Stock Down 2.3%
LAMR stock opened at $150.99 on Wednesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 27.86 and a beta of 1.20. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69. The stock has a fifty day moving average of $144.09 and a 200-day moving average of $135.21.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 55.53% and a net margin of 24.01%. As a group, equities research analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current year.
Lamar Advertising Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.2%. Lamar Advertising’s dividend payout ratio is 118.08%.
Insider Transactions at Lamar Advertising
In related news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the sale, the executive vice president owned 15,850 shares of the company’s stock, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.24% of the company’s stock.
Lamar Advertising 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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