Dynamic Technology Lab Private Ltd Buys Shares of 4,060 Lamar Advertising Company $LAMR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Lamar Advertising Company, purchasing 4,060 shares valued at approximately $462,000.
• The company reported earnings of $2.22 per share for the last quarter, surpassing analyst expectations, and has projected future earnings for FY 2025 in the range of 6.090-6.11 EPS.
• Lamar Advertising will pay a quarterly dividend of $1.55 to shareholders on September 30th, representing an annual yield of 4.9% with a high dividend payout ratio of 144.19%.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,060 shares of the real estate investment trust's stock, valued at approximately $462,000.

Several other hedge funds have also recently bought and sold shares of the stock. 1248 Management LLC acquired a new stake in shares of Lamar Advertising during the 1st quarter worth about $26,000. Golden State Wealth Management LLC acquired a new stake in shares of Lamar Advertising during the first quarter worth approximately $28,000. HHM Wealth Advisors LLC increased its holdings in shares of Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after buying an additional 269 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Lamar Advertising by 346.0% in the 1st 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 in the last quarter. Finally, Truvestments Capital LLC grew its position in Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 140 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on LAMR shares. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. reduced their price target 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. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price objective for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Finally, Wells Fargo & Company dropped 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 note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $134.20.

Lamar Advertising Trading Down 0.9%

Shares of NASDAQ LAMR traded down $1.22 during mid-day trading on Friday, hitting $127.60. The company's stock had a trading volume of 298,934 shares, compared to its average volume of 624,994. 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 stock has a market cap of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. The company's fifty day simple moving average is $124.38 and its 200-day simple moving average is $119.12. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88.

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

Lamar Advertising Announces Dividend

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

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was 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 can be accessed through the SEC website. Insiders own 14.99% of the company's stock.

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.