Gallacher Capital Management LLC Purchases New Holdings in Lamar Advertising Company $LAMR

Key Points

• Gallacher Capital Management LLC has acquired a new stake of 6,145 shares in Lamar Advertising Company, valued at approximately $746,000 during the second quarter.
• Lamar Advertising recently reported an earnings per share (EPS) of $2.22, surpassing analysts' expectations of $1.48, and has set its FY 2025 guidance at 6.090-6.11 EPS.
• The company declared a quarterly dividend of $1.55, payable on September 30th, with a current annualized yield of 4.9%.

Gallacher Capital Management LLC bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,145 shares of the real estate investment trust's stock, valued at approximately $746,000.

A number of other institutional investors have also recently modified their holdings of the stock. SWS Partners lifted its position in shares of Lamar Advertising by 0.6% during the 1st quarter. SWS Partners now owns 15,347 shares of the real estate investment trust's stock valued at $1,746,000 after acquiring an additional 85 shares during the period. Bessemer Group Inc. raised its holdings in shares of Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after buying an additional 94 shares in the last quarter. MAI Capital Management raised its holdings in shares of Lamar Advertising by 44.0% during the 1st quarter. MAI Capital Management now owns 360 shares of the real estate investment trust's stock worth $41,000 after buying an additional 110 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Lamar Advertising by 2.7% during the 1st quarter. Gilbert & Cook Inc. now owns 4,455 shares of the real estate investment trust's stock worth $507,000 after buying an additional 117 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Lamar Advertising by 0.5% during the 1st quarter. Tocqueville Asset Management L.P. now owns 21,993 shares of the real estate investment trust's stock worth $2,502,000 after buying an additional 120 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LAMR has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Finally, Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Lamar Advertising presently has an average rating of "Hold" and a consensus price target of $134.20.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. Insiders own 14.99% of the company's stock.

Lamar Advertising Trading Down 0.2%

Shares of Lamar Advertising stock traded down $0.28 on Friday, hitting $123.50. 215,603 shares of the company's stock traded hands, compared to its average volume of 620,316. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. 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 company has a fifty day moving average of $124.59 and a two-hundred day moving average of $119.23. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 28.74 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $1.55 dividend. The ex-dividend date is Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.0%. Lamar Advertising's dividend payout ratio is presently 144.19%.

Lamar Advertising 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.