Boston Trust Walden Corp Reduces Position in Lamar Advertising Company $LAMR

Key Points

• Boston Trust Walden Corp reduced its position in Lamar Advertising by 13.9%, owning 371,788 shares after selling 60,068 shares in the second quarter.
• Lamar Advertising's most recent quarterly earnings report showed earnings per share of $2.22, exceeding analyst estimates of $1.48, while revenue was $579.31 million, slightly below expectations.
• The company declared a quarterly dividend of $1.55 per share, with a yield of 5.2% and a payout ratio of 144.19%.

Boston Trust Walden Corp trimmed its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 371,788 shares of the real estate investment trust's stock after selling 60,068 shares during the quarter. Boston Trust Walden Corp owned 0.36% of Lamar Advertising worth $45,120,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LAMR. 1248 Management LLC acquired a new position in Lamar Advertising in the first quarter worth about $26,000. Golden State Wealth Management LLC acquired a new position in Lamar Advertising in the first quarter worth about $28,000. Ameritas Advisory Services LLC acquired a new position in Lamar Advertising in the second quarter worth about $28,000. HHM Wealth Advisors LLC grew its stake in 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 purchasing an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 140 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 14.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LAMR. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lamar Advertising has an average rating of "Moderate Buy" and an average price target of $134.20.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $120.00 on Wednesday. The business has a 50 day moving average of $123.52 and a two-hundred day moving average of $119.96. The company has a market cap of $12.15 billion, a P/E ratio of 27.91 and a beta of 1.37. 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 52 week low of $99.84 and a 52 week high of $139.88.

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

Lamar Advertising Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising's payout ratio is 144.19%.

Lamar Advertising 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.

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