Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 169,694 Lamar Advertising Company $LAMR

Key Points

• Diamond Hill Capital Management acquired 169,694 Lamar Advertising shares in the second quarter, valued at approximately $26.5 million and representing about 0.17% of the company. Institutional investors collectively own 93.78% of LAMR.
• Lamar reported quarterly EPS of $1.58, in line with analyst estimates, while revenue of $616.75 million exceeded expectations of $606.61 million. The company provided fiscal 2026 EPS guidance of $5.950–$5.990.
• Analyst sentiment is mixed, with two Buy ratings and three Holds; the consensus rating is Hold with an average price target of $160.17, compared with the stock’s reported price of $155.47.

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 169,694 shares of the real estate investment trust's stock, valued at approximately $26,469,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.17% of Lamar Advertising at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. First Citizens Bank & Trust Co. boosted its holdings in shares of Lamar Advertising by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust's stock worth $1,117,000 after buying an additional 75 shares during the last quarter. Praxis Investment Management Inc. increased its holdings in Lamar Advertising by 2.7% during the first quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust's stock worth $360,000 after buying an additional 76 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Lamar Advertising by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust's stock worth $953,000 after acquiring an additional 78 shares during the period. Argent Advisors Inc. raised its position in Lamar Advertising by 0.6% in the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust's stock worth $1,827,000 after acquiring an additional 80 shares during the period. Finally, Glenmede Investment Management LP boosted its stake in Lamar Advertising by 3.2% in the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust's stock valued at $317,000 after acquiring an additional 81 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $155.47 on Monday. The firm has a 50 day simple moving average of $156.66 and a 200 day simple moving average of $143.77. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. Lamar Advertising Company has a 1-year low of $114.45 and a 1-year high of $166.33. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 28.37 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting analysts' consensus estimates of $1.58. The firm had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LAMR. TD Cowen increased their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Wells Fargo & Company increased their price objective on Lamar Advertising from $150.00 to $151.00 and gave the company an "equal weight" rating in a report on Wednesday, August 12th. Morgan Stanley set a $170.00 target price on Lamar Advertising in a research report on Friday, August 7th. Finally, Citigroup cut Lamar Advertising from a "buy" rating to a "neutral" rating and upped their price target for the company from $145.00 to $160.00 in a research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $160.17.

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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