Gallacher Capital Management LLC Buys 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 Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,145 shares of the real estate investment trust's stock, valued at approximately $746,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Lamar Advertising by 27.6% in the second quarter. Parallel Advisors LLC now owns 1,068 shares of the real estate investment trust's stock valued at $130,000 after acquiring an additional 231 shares in the last quarter. Kera Capital Partners Inc. acquired a new stake in Lamar Advertising during the second quarter worth approximately $354,000. Pensionfund DSM Netherlands raised its holdings in Lamar Advertising by 6.9% during the second quarter. Pensionfund DSM Netherlands now owns 15,500 shares of the real estate investment trust's stock worth $1,881,000 after purchasing an additional 1,000 shares in the last quarter. Pensionfund Sabic raised its holdings in Lamar Advertising by 83.3% during the first quarter. Pensionfund Sabic now owns 7,700 shares of the real estate investment trust's stock worth $876,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Lamar Advertising by 8.4% during the first quarter. Voya Investment Management LLC now owns 76,219 shares of the real estate investment trust's stock worth $8,672,000 after purchasing an additional 5,903 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.99% of the stock is currently owned by company insiders.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $127.60 on Monday. The firm's fifty day simple moving average is $124.38 and its 200-day simple moving average is $119.10. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month 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.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million for the quarter, compared to analysts' expectations 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. As a group, equities analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LAMR shares. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Wells Fargo & Company cut their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Morgan Stanley raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. 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 data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $134.20.

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.

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