Lamar Advertising Company $LAMR Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 18.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 27,981 shares of the real estate investment trust’s stock after purchasing an additional 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Lamar Advertising were worth $4,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. lifted its stake in shares of Lamar Advertising by 0.9% during the 1st quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 75 shares during the period. Praxis Investment Management Inc. increased its stake in Lamar Advertising by 2.7% during the 1st 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 period. Gamco Investors INC. ET AL increased its holdings in 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 purchasing an additional 78 shares during the last quarter. Argent Advisors Inc. grew its holdings in 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 raised its stake in shares of Lamar Advertising by 3.2% in 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 purchasing an additional 81 shares in the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 0.2%

Shares of NASDAQ:LAMR opened at $155.47 on Friday. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 28.37 and a beta of 1.19. Lamar Advertising Company has a 1-year low of $114.45 and a 1-year high of $166.33. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $156.66 and a 200 day moving average price of $143.66.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The company had revenue of $616.75 million for the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, research analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LAMR shares. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price target for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Wells Fargo & Company lifted their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a research note on Friday, August 7th. TD Cowen raised their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $160.17.

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.