4,060 Shares in Lamar Advertising Company $LAMR Bought by Dynamic Technology Lab Private Ltd

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 Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,060 shares of the real estate investment trust's stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LAMR. Hamlin Capital Management LLC grew its stake in Lamar Advertising by 3.4% in the first quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust's stock valued at $149,225,000 after purchasing an additional 43,081 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Lamar Advertising by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock worth $145,967,000 after acquiring an additional 4,495 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Lamar Advertising by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust's stock valued at $126,258,000 after purchasing an additional 7,426 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Lamar Advertising by 5.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock valued at $104,431,000 after purchasing an additional 50,004 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Lamar Advertising by 4.3% in the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock valued at $76,698,000 after purchasing an additional 27,823 shares during the period. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Price Performance

NASDAQ LAMR traded down $1.38 during midday trading on Tuesday, hitting $126.36. The company had a trading volume of 941,665 shares, compared to its average volume of 531,038. The company has a market capitalization of $12.79 billion, a PE ratio of 29.39 and a beta of 1.38. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. The firm has a 50-day moving average price of $124.55 and a 200-day moving average price of $119.17. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million during 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 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm 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 dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising's payout ratio is 144.19%.

Insider Activity at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business's stock in a transaction 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LAMR shares. JPMorgan Chase & Co. reduced their price target 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. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price target for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Wells Fargo & Company reduced their price target 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. Finally, Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $134.20.

About Lamar Advertising

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.