Ross Lamar Reilly Sells 5,969 Shares of Lamar Advertising (NASDAQ:LAMR) Stock

Lamar Advertising Company (NASDAQ:LAMR) EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $126.49 on Friday. The business has a 50 day moving average of $131.99 and a 200 day moving average of $127.81. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.76. The company has a market cap of $12.82 billion, a PE ratio of 21.92 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.10.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The company had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, equities research analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.60 per share. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, March 16th. Lamar Advertising’s dividend payout ratio is presently 110.92%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LAMR. Wells Fargo & Company raised their price objective on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, UBS Group set a $150.00 price target on Lamar Advertising in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lamar Advertising has a consensus rating of “Moderate Buy” and an average target price of $139.80.

Hedge Funds Weigh In On Lamar Advertising

Institutional investors and hedge funds have recently made changes to their positions in the business. Sivia Capital Partners LLC purchased a new position in shares of Lamar Advertising during the second quarter valued at approximately $510,000. Creative Planning grew its stake in shares of Lamar Advertising by 22.0% in the 2nd quarter. Creative Planning now owns 16,087 shares of the real estate investment trust’s stock worth $1,952,000 after buying an additional 2,905 shares during the last quarter. MAI Capital Management grew its stake in shares of Lamar Advertising by 43.3% in the 2nd quarter. MAI Capital Management now owns 516 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 156 shares during the last quarter. Legal & General Group Plc increased its position in Lamar Advertising by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 227,008 shares of the real estate investment trust’s stock valued at $27,550,000 after buying an additional 11,056 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Lamar Advertising by 8.8% during the second quarter. Franklin Resources Inc. now owns 67,764 shares of the real estate investment trust’s stock valued at $8,224,000 after buying an additional 5,499 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.