Woodward Diversified Capital LLC Increases Stake in Lamar Advertising Company $LAMR

Key Points

• Woodward Diversified Capital LLC increased its stake in Lamar Advertising Company by 75.3% in the second quarter, owning nearly 4,882 shares valued at around $593,000.
• Lamar Advertising reported $2.22 EPS for the most recent quarter, exceeding estimates by $0.74, with an annual dividend payout of $6.20 and a yield of 5.1%.
• The stock has received mixed ratings from analysts, with a consensus rating of "Hold" and an average target price of $134.20.

Woodward Diversified Capital LLC increased its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 75.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,882 shares of the real estate investment trust's stock after buying an additional 2,097 shares during the period. Woodward Diversified Capital LLC's holdings in Lamar Advertising were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LAMR. AQR Capital Management LLC increased its holdings in Lamar Advertising by 426.0% during the first quarter. AQR Capital Management LLC now owns 659,308 shares of the real estate investment trust's stock valued at $74,340,000 after buying an additional 533,959 shares during the period. Nuveen LLC purchased a new position in shares of Lamar Advertising in the 1st quarter valued at $40,699,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Lamar Advertising by 181.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 363,949 shares of the real estate investment trust's stock valued at $41,410,000 after acquiring an additional 234,735 shares during the period. Millennium Management LLC increased its holdings in shares of Lamar Advertising by 158.6% in the 1st quarter. Millennium Management LLC now owns 306,887 shares of the real estate investment trust's stock valued at $34,918,000 after acquiring an additional 188,213 shares during the period. Finally, Easterly Investment Partners LLC grew its stake in Lamar Advertising by 269.4% in the first quarter. Easterly Investment Partners LLC now owns 158,733 shares of the real estate investment trust's stock valued at $18,061,000 after purchasing an additional 115,762 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $122.32 on Thursday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. 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 $12.38 billion, a price-to-earnings ratio of 28.45 and a beta of 1.38. The firm's fifty day moving average is $124.13 and its two-hundred day moving average is $119.45.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The firm had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, September 19th. Lamar Advertising's dividend payout ratio is currently 144.19%.

Insider Buying and Selling

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction 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 available through the SEC website. Corporate insiders own 14.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. 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 research report on Monday, August 11th. 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 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 stock. Based on data from MarketBeat.com, Lamar Advertising currently has a consensus 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.

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