Egerton Capital UK LLP Acquires Shares of 723,857 Lamar Advertising Company $LAMR

Egerton Capital UK LLP bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 723,857 shares of the real estate investment trust’s stock, valued at approximately $88,615,000. Lamar Advertising accounts for about 0.9% of Egerton Capital UK LLP’s investment portfolio, making the stock its 23rd largest position. Egerton Capital UK LLP owned approximately 0.72% of Lamar Advertising at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in Lamar Advertising during the second quarter worth $510,000. Envestnet Asset Management Inc. lifted its holdings in Lamar Advertising by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 474,208 shares of the real estate investment trust’s stock valued at $57,550,000 after acquiring an additional 19,812 shares during the period. Assetmark Inc. boosted its position in shares of Lamar Advertising by 113.5% during the 2nd quarter. Assetmark Inc. now owns 77,879 shares of the real estate investment trust’s stock worth $9,451,000 after purchasing an additional 41,409 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Lamar Advertising by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 107,519 shares of the real estate investment trust’s stock worth $13,049,000 after purchasing an additional 488 shares in the last quarter. Finally, Carret Asset Management LLC grew its stake in shares of Lamar Advertising by 3.8% during the 2nd quarter. Carret Asset Management LLC now owns 4,810 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 175 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several recent analyst reports. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. TD Cowen reiterated a “buy” rating on shares of Lamar Advertising in a research report on Monday. Wells Fargo & Company boosted their price target on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research note on Tuesday, December 16th. Three 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.80.

Lamar Advertising Trading Up 1.5%

Shares of LAMR opened at $137.74 on Friday. The company has a market capitalization of $13.96 billion, a PE ratio of 23.87 and a beta of 1.23. The stock has a fifty day moving average of $129.97 and a two-hundred day moving average of $126.70. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $138.70. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.59 and a current ratio of 0.58.

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

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.6%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio is presently 107.45%.

Lamar Advertising Company 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.