Legal & General Group Plc Has $29.40 Million Stock Position in Lamar Advertising Company $LAMR

Legal & General Group Plc grew its position in Lamar Advertising Company (NASDAQ:LAMR) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,235 shares of the real estate investment trust’s stock after buying an additional 10,265 shares during the quarter. Legal & General Group Plc’s holdings in Lamar Advertising were worth $29,396,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising in the fourth quarter worth approximately $25,000. Sound Income Strategies LLC grew its holdings in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Lamar Advertising during the third quarter valued at approximately $33,000. Beacon Financial Strategies CORP acquired a new position in Lamar Advertising during the fourth quarter valued at approximately $35,000. Finally, Larson Financial Group LLC grew its holdings in Lamar Advertising by 48.1% during the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 103 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the sale, the executive vice president owned 15,850 shares in the company, valued at $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.24% of the stock is owned by corporate insiders.

Lamar Advertising Stock Up 0.2%

LAMR opened at $152.46 on Friday. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $138.07 and its two-hundred day moving average price is $133.29. The company has a market capitalization of $15.47 billion, a P/E ratio of 28.13 and a beta of 1.18.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. On average, analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.2%. Lamar Advertising’s payout ratio is currently 118.08%.

Wall Street Analyst Weigh In

Several equities analysts have commented on LAMR shares. Wells Fargo & Company increased their price target on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. UBS Group set a $150.00 price target on Lamar Advertising in a report on Monday, February 23rd. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday, May 7th. Finally, TD Cowen raised their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.