Entropy Technologies LP Has $1.98 Million Holdings in Lamar Advertising Company $LAMR

Entropy Technologies LP lessened its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,665 shares of the real estate investment trust’s stock after selling 5,505 shares during the quarter. Entropy Technologies LP’s holdings in Lamar Advertising were worth $1,984,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. increased its position in Lamar Advertising by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock worth $1,117,000 after buying an additional 75 shares during the last quarter. Praxis Investment Management Inc. lifted its position in shares of Lamar Advertising by 2.7% in the first quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 76 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Lamar Advertising by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 78 shares in the last quarter. Argent Advisors Inc. boosted its stake in shares of Lamar Advertising by 0.6% during the 1st quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after acquiring an additional 80 shares in the last quarter. Finally, Glenmede Investment Management LP increased its holdings in shares of Lamar Advertising by 3.2% during the 3rd quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock valued at $317,000 after acquiring an additional 81 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of LAMR opened at $159.46 on Monday. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $164.38. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 29.42 and a beta of 1.19. The stock’s 50-day moving average price is $154.55 and its 200 day moving average price is $140.75.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The business had revenue of $528.00 million during the quarter, compared to analyst estimates of $522.86 million. As a group, research analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.0%. Lamar Advertising’s dividend payout ratio is currently 118.08%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LAMR. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. TD Cowen increased their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their price target for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $153.00 price objective on shares of Lamar Advertising in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.67.

Lamar Advertising Profile

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.