Empowered Funds LLC Purchases 6,793 Shares of Lamar Advertising Company $LAMR

Key Points

• Empowered Funds increased its Lamar Advertising position by 11.2%, buying 6,793 shares to hold 67,392 shares valued at approximately $8.5 million. Institutional investors collectively own 93.78% of the company.
• Analyst sentiment remains mixed, with two Buy ratings and three Hold ratings, producing a consensus rating of Hold and an average price target of $160.17.
• Lamar reported quarterly EPS of $1.58, matching estimates, while revenue of $616.75 million exceeded expectations. The stock opened at $155.47, near its $160.17 consensus target.

Empowered Funds LLC raised its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,392 shares of the real estate investment trust's stock after buying an additional 6,793 shares during the quarter. Empowered Funds LLC owned about 0.07% of Lamar Advertising worth $8,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its position in shares of Lamar Advertising by 2.0% during the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust's stock worth $291,928,000 after purchasing an additional 46,361 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust's stock worth $301,573,000 after purchasing an additional 32,542 shares in the last quarter. Wellington Management Group LLP grew its stake in Lamar Advertising by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 2,027,080 shares of the real estate investment trust's stock worth $256,588,000 after buying an additional 64,824 shares during the last quarter. Northern Trust Corp grew its stake in Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust's stock worth $199,490,000 after buying an additional 314,235 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Lamar Advertising by 7.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust's stock valued at $193,166,000 after buying an additional 112,362 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LAMR. Weiss Ratings reissued a "buy (b)" rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. TD Cowen boosted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company upped their price target on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an "equal weight" rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Lamar Advertising has a consensus rating of "Hold" and an average price target of $160.17.

Lamar Advertising Stock Performance

LAMR opened at $155.47 on Friday. 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 12-month low of $114.45 and a 12-month high of $166.33. The firm has a 50 day moving average of $156.66 and a two-hundred day moving average of $143.66. The firm has a market capitalization of $15.79 billion, a PE ratio of 28.37 and a beta of 1.19.

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

Lamar Advertising Company 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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