Thomas Reifenheiser Sells 8,099 Shares of Lamar Advertising (NASDAQ:LAMR) Stock

Key Points

• Director Thomas Reifenheiser sold 8,099 Lamar Advertising shares at an average price of $149.03, generating approximately $1.21 million and reducing his ownership by 18.21% to 36,387 shares.
• Lamar reported quarterly EPS of $1.58, in line with analyst estimates, while revenue of $616.75 million exceeded expectations. The company raised its quarterly dividend from $1.60 to $1.65 per share, implying a 4.5% annualized yield.
• LAMR shares recently traded near $147.53, with analysts assigning a consensus “Hold” rating and an average price target of $160.17; institutional investors own approximately 93.78% of the stock.

Lamar Advertising Company (NASDAQ:LAMR - Get Free Report) Director Thomas Reifenheiser sold 8,099 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $149.03, for a total value of $1,206,993.97. Following the transaction, the director owned 36,387 shares in the company, valued at approximately $5,422,754.61. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lamar Advertising Stock Down 0.2%

Shares of LAMR traded down $0.29 during trading hours on Wednesday, hitting $147.53. 470,942 shares of the company were exchanged, compared to its average volume of 417,415. The company has a market cap of $14.98 billion, a PE ratio of 26.92 and a beta of 1.17. The firm's 50 day moving average is $155.08 and its 200-day moving average is $146.86. Lamar Advertising Company has a 52 week low of $114.45 and a 52 week high of $166.33. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts' consensus estimates of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The business had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, equities research analysts forecast that Lamar Advertising Company will post 8.43 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $1.65 dividend. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, September 21st. Lamar Advertising's payout ratio is 116.79%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LAMR. Wells Fargo & Company raised their target price on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Citigroup lowered shares of Lamar Advertising from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Finally, Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $160.17.

Institutional Trading of Lamar Advertising

Several hedge funds and other institutional investors have recently bought and sold shares of LAMR. Wellington Management Group LLP lifted its stake in shares of Lamar Advertising by 1.3% in the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust's stock valued at $331,573,000 after buying an additional 27,100 shares during the period. Geode Capital Management LLC raised its holdings in Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust's stock valued at $301,573,000 after acquiring an additional 32,542 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lamar Advertising by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust's stock valued at $165,549,000 after acquiring an additional 11,586 shares in the last quarter. Norges Bank bought a new stake in shares of Lamar Advertising in the 4th quarter worth approximately $104,705,000. Finally, HighTower Advisors LLC grew its holdings in shares of Lamar Advertising by 3.8% during the 4th quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust's stock worth $97,715,000 after purchasing an additional 27,907 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America's major out-of-home advertising providers.

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