Lamar Advertising Company $LAMR Shares Sold by Teacher Retirement System of Texas

Key Points

• Institutional and insider selling: Teacher Retirement System of Texas cut its stake in Lamar by 21.3% (sold 7,618 shares) and EVP Ross Lamar Reilly sold 5,969 shares (a 27.36% drop in his holdings), even though institutions and insiders still hold roughly 93.78% and 15.24% of the stock, respectively.
• Earnings miss but mixed outlook: Lamar reported $1.50 EPS versus $2.18 expected (revenue slightly beat) and set FY2026 guidance of $5.72–$5.83 EPS while analysts' average forecast is about $8.23 EPS.
• Dividend hike with high payout ratio: The quarterly dividend was raised to $1.60 ($6.40 annualized) for a 4.7% yield, but the dividend payout ratio is elevated at 110.92%.

Teacher Retirement System of Texas lessened its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 21.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,099 shares of the real estate investment trust's stock after selling 7,618 shares during the quarter. Teacher Retirement System of Texas' holdings in Lamar Advertising were worth $3,557,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sivia Capital Partners LLC purchased a new position in Lamar Advertising in the second quarter worth approximately $510,000. Arrowstreet Capital Limited Partnership grew its holdings in Lamar Advertising by 250.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust's stock worth $5,777,000 after acquiring an additional 34,002 shares in the last quarter. Amundi increased its position in shares of Lamar Advertising by 224.6% in the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Lamar Advertising in the 2nd quarter valued at $873,000. Finally, Cerity Partners LLC raised its holdings in shares of Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust's stock valued at $4,510,000 after purchasing an additional 10,423 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LAMR shares. TD Cowen reiterated a "buy" rating on shares of Lamar Advertising in a research note on Monday, February 23rd. UBS Group set a $150.00 price target on Lamar Advertising in a research note on Monday, February 23rd. Wells Fargo & Company lifted their price target on Lamar Advertising from $121.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Finally, Weiss Ratings raised Lamar Advertising from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $139.80.

Insider Activity at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.24% of the company's stock.

Lamar Advertising Stock Up 1.0%

Shares of NASDAQ:LAMR opened at $135.75 on Tuesday. The firm has a 50 day simple moving average of $132.42 and a 200-day simple moving average of $129.00. Lamar Advertising Company has a twelve month low of $111.64 and a twelve month high of $139.76. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $13.76 billion, a PE ratio of 23.53 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The company had revenue of $595.93 million during the quarter, compared to analysts' expectations of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. On average, equities analysts predict that Lamar Advertising Company will post 8.23 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a dividend yield of 4.7%. Lamar Advertising's dividend payout ratio is 110.92%.

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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