Acadian Asset Management LLC Grows Position in Lamar Advertising Company $LAMR

Key Points

• Acadian Asset Management LLC increased its stake in Lamar Advertising Company by 525.1% in Q1, now holding 71,910 shares valued at approximately $8.18 million.
• Lamar Advertising reported Q2 earnings of $2.22 per share, exceeding expectations of $1.48, and achieved a net margin of 19.72%.
• The company declared a quarterly dividend of $1.55, resulting in a yield of 4.9% and a payout ratio of 144.19%.

Acadian Asset Management LLC raised its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 525.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,910 shares of the real estate investment trust's stock after purchasing an additional 60,406 shares during the quarter. Acadian Asset Management LLC owned 0.07% of Lamar Advertising worth $8,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1248 Management LLC bought a new stake in shares of Lamar Advertising in the first quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising in the first quarter worth approximately $28,000. HHM Wealth Advisors LLC grew its stake in shares of Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 269 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 218 shares during the period. Finally, Truvestments Capital LLC grew its position in Lamar Advertising by 79.5% during the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 140 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Insider Activity at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.99% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LAMR. Wells Fargo & Company cut their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the company from $114.00 to $135.00 in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $134.20.

Lamar Advertising Price Performance

Shares of LAMR stock traded down $1.38 during mid-day trading on Tuesday, hitting $126.36. The company had a trading volume of 941,665 shares, compared to its average volume of 624,532. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The stock's 50 day moving average price is $124.55 and its 200-day moving average price is $119.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $12.79 billion, a P/E ratio of 29.39 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping 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 company 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. Equities research analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $1.55 dividend. The ex-dividend date is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising's dividend payout ratio is presently 144.19%.

Lamar Advertising Company Profile

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.