8,815 Shares in Lamar Advertising Company $LAMR Purchased by Scientech Research LLC

Key Points

• Scientech Research LLC has acquired an 8,815 share stake in Lamar Advertising Company worth approximately $1,003,000 during the first quarter.
• Lamar Advertising reported earnings of $2.22 EPS for the last quarter, surpassing analysts' expectations of $1.48 and generating revenue of $579.31 million.
• The company declared a quarterly dividend of $1.55 per share, with a current yield of 4.8% and a payout ratio of 144.19%.

Scientech Research LLC purchased a new stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,815 shares of the real estate investment trust's stock, valued at approximately $1,003,000.

Several other institutional investors have also made changes to their positions in the stock. 1248 Management LLC bought a new stake in Lamar Advertising during the first quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in shares of Lamar Advertising during the first quarter worth $28,000. HHM Wealth Advisors LLC increased its holdings in shares of Lamar Advertising by 26,900.0% during the first 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. increased its holdings in Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 218 shares during the period. Finally, Truvestments Capital LLC increased its holdings in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 140 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.99% of the stock is currently owned by insiders.

Lamar Advertising Stock Performance

Shares of LAMR stock traded down $1.34 during trading hours on Wednesday, hitting $126.60. 429,568 shares of the company were exchanged, compared to its average volume of 625,118. The firm has a fifty day simple moving average of $124.22 and a 200 day simple moving average of $119.09. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 29.44 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued 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. 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 analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently announced 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 presently 144.19%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LAMR. JPMorgan Chase & Co. decreased their price objective on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Morgan Stanley increased their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price target for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Finally, Wells Fargo & Company cut their price target 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.