Fig Financial Advisory Services Inc. ADV Acquires 11,433 Shares of Lamar Advertising Company $LAMR

Key Points

• Fig Financial Advisory Services acquired 11,433 Lamar Advertising shares worth approximately $1.65 million, making LAMR about 1% of its portfolio. Institutional investors and hedge funds collectively own 93.78% of the company.
• Lamar reported quarterly revenue of $616.75 million and EPS of $1.58, matching analysts’ earnings expectations while exceeding revenue forecasts. The company issued fiscal 2026 EPS guidance of $5.95–$5.99.
• Lamar raised its quarterly dividend to $1.65 per share, equivalent to a 4.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $160.17, compared with the stock’s reported price of $143.24.

Fig Financial Advisory Services Inc. ADV bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,433 shares of the real estate investment trust's stock, valued at approximately $1,648,000. Lamar Advertising comprises approximately 1.0% of Fig Financial Advisory Services Inc. ADV's investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Wellington Management Group LLP boosted its holdings in Lamar Advertising by 1.3% in the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust's stock valued at $331,573,000 after purchasing an additional 27,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lamar Advertising by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust's stock valued at $165,549,000 after buying an additional 11,586 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Lamar Advertising by 49.7% in the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust's stock valued at $85,774,000 after buying an additional 224,775 shares during the period. Miller Howard Investments Inc. NY boosted its stake in shares of Lamar Advertising by 48.5% in the first quarter. Miller Howard Investments Inc. NY now owns 468,026 shares of the real estate investment trust's stock worth $59,280,000 after buying an additional 152,833 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Lamar Advertising by 27.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 351,328 shares of the real estate investment trust's stock worth $44,471,000 after buying an additional 74,900 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lamar Advertising

In related news, Director Thomas Reifenheiser sold 8,099 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the sale, the director directly owned 36,387 shares in the company, valued at approximately $5,422,754.61. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.24% of the company's stock.

Lamar Advertising Stock Down 1.0%

LAMR opened at $143.24 on Thursday. The company has a market cap of $14.55 billion, a PE ratio of 26.14 and a beta of 1.20. Lamar Advertising Company has a twelve month low of $114.45 and a twelve month high of $166.33. The company has a 50-day moving average price of $150.47 and a 200 day moving average price of $147.86. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data 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. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The company had revenue of $616.75 million for the quarter, compared to analysts' expectations of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Sell-side analysts expect that Lamar Advertising Company will post 8.4 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $1.65 dividend. This is a boost from Lamar Advertising's previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, September 21st. Lamar Advertising's dividend payout ratio is presently 120.44%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LAMR shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on Lamar Advertising from $153.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Wells Fargo & Company raised their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 12th. Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a report on Friday, August 7th. Finally, Citigroup cut shares of Lamar Advertising from a "buy" rating to a "neutral" rating and boosted their target price for the company from $145.00 to $160.00 in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $160.17.

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company headquartered in Baton Rouge, Louisiana. Through its network of advertising displays, the company helps businesses reach local, regional and national audiences across the United States and Canada.

Lamar's primary products include traditional and digital billboards, roadside logo signs, transit advertising and displays at airports and other public venues. Its digital billboard network allows advertisers to update messages remotely, while traditional bulletin and poster displays provide longer-term visibility in high-traffic locations.

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