Lamar Advertising Company $LAMR Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Lamar Advertising by 16.7% during the first quarter, acquiring an additional 76,351 shares, bringing its total ownership to 534,008 shares valued at approximately $60.76 million.
• Lamar Advertising reported an EPS of $2.22 for the latest quarter, significantly beating the analyst consensus of $1.48, although revenue came in slightly below expectations at $579.31 million.
• Analysts have mixed ratings on Lamar Advertising stock, with Citigroup upgrading it to a "buy" and setting a price target of $135, while others have lower price targets reflecting a cautious outlook.

Invesco Ltd. increased its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,008 shares of the real estate investment trust's stock after buying an additional 76,351 shares during the period. Invesco Ltd. owned 0.52% of Lamar Advertising worth $60,759,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Lamar Advertising in the first quarter valued at $28,000. HHM Wealth Advisors LLC grew its stake in shares of Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after buying an additional 269 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Lamar Advertising by 346.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock worth $32,000 after buying an additional 218 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Lamar Advertising by 33.9% in 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 during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Lamar Advertising in the 1st quarter valued at about $60,000. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR traded up $2.0050 during midday trading on Wednesday, reaching $122.5550. The company's stock had a trading volume of 316,321 shares, compared to its average volume of 628,854. The stock has a fifty day moving average of $122.47 and a 200 day moving average of $119.14. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $12.41 billion, a PE ratio of 28.51 and a beta of 1.36. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The company had revenue of $579.31 million during the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts expect that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LAMR shares. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and increased their price target for the company from $114.00 to $135.00 in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price target on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, 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 research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.20.

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.