Militia Capital Partners LP Lowers Position in Lamar Advertising Company $LAMR

Key Points

• Militia Capital Partners LP significantly reduced its stake in Lamar Advertising Company by 66.4%, now owning 3,600 shares valued at $410,000 after selling 7,100 shares in the first quarter.
• Company CFO Jay Lecoryelle Johnson sold 22,000 shares for $2.73 million, indicating notable insider trading activity.
• Analysts have mixed views on Lamar Advertising, with price target revisions ranging from $119.00 to $135.00, while the company's stock currently has a consensus rating of "Hold".

Militia Capital Partners LP reduced its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 66.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,600 shares of the real estate investment trust's stock after selling 7,100 shares during the period. Militia Capital Partners LP's holdings in Lamar Advertising were worth $410,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 shares during the period. Golden State Wealth Management LLC bought a new stake in Lamar Advertising during the 1st quarter valued at about $28,000. Farther Finance Advisors LLC increased its stake in Lamar Advertising by 101.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 1,230 shares in the last quarter. SG Americas Securities LLC bought a new stake in Lamar Advertising during the 1st quarter valued at about $1,007,000. Finally, Fifth Third Bancorp increased its stake in Lamar Advertising by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 5,584 shares of the real estate investment trust's stock valued at $635,000 after purchasing an additional 475 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

Shares of LAMR stock traded down $1.38 during trading hours on Tuesday, reaching $126.36. The company had a trading volume of 941,628 shares, compared to its average volume of 620,683. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $12.79 billion, a PE ratio of 29.39 and a beta of 1.38. The business has a fifty day moving average price of $124.49 and a 200-day moving average price of $119.12. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88.

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

Lamar Advertising Announces Dividend

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 dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 4.9%. Lamar Advertising's payout ratio is currently 144.19%.

Insiders Place Their Bets

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 14.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price objective for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Lamar Advertising currently has an average rating of "Hold" and a consensus price target 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.