Howe & Rusling Inc. Grows Stake in Lamar Advertising Company $LAMR

Howe & Rusling Inc. grew its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 23.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,552 shares of the real estate investment trust’s stock after acquiring an additional 9,367 shares during the quarter. Howe & Rusling Inc.’s holdings in Lamar Advertising were worth $6,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Boston Partners increased its holdings in shares of Lamar Advertising by 2.0% in the 3rd quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock valued at $291,928,000 after acquiring an additional 46,361 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during the last quarter. Northern Trust Corp boosted its position in shares of Lamar Advertising by 23.9% in the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock valued at $199,490,000 after purchasing an additional 314,235 shares during the period. AQR Capital Management LLC boosted its position in shares of Lamar Advertising by 7.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock valued at $193,166,000 after purchasing an additional 112,362 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Lamar Advertising by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock worth $180,973,000 after buying an additional 178,880 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at approximately $2,039,102.50. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.24% of the company’s stock.

Lamar Advertising Trading Down 2.3%

NASDAQ:LAMR opened at $150.99 on Wednesday. The stock’s 50 day moving average price is $144.09 and its 200 day moving average price is $135.21. The company has a market capitalization of $15.32 billion, a PE ratio of 27.86 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 52-week low of $113.66 and a 52-week high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. On average, research analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

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

Analysts Set New Price Targets

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

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.