Lamar Advertising Company $LAMR Shares Sold by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC cut its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 62.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,393 shares of the real estate investment trust’s stock after selling 4,025 shares during the period. Knollwood Investment Advisory LLC’s holdings in Lamar Advertising were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LAMR. Knights of Columbus Asset Advisors LLC purchased a new position in Lamar Advertising in the 4th quarter valued at approximately $1,872,000. Legal & General Group Plc increased its position in shares of Lamar Advertising by 4.6% during the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after acquiring an additional 10,265 shares during the period. Markel Group Inc. raised its stake in shares of Lamar Advertising by 8.8% in the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after acquiring an additional 15,000 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Lamar Advertising by 3.8% in the fourth quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust’s stock valued at $97,715,000 after acquiring an additional 27,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Lamar Advertising by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after purchasing an additional 11,586 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Up 0.0%

Shares of NASDAQ LAMR opened at $151.55 on Friday. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 27.66 and a beta of 1.17. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $156.60 and a two-hundred day moving average of $145.87. Lamar Advertising Company has a 1 year low of $114.45 and a 1 year high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts’ consensus estimates of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The business had revenue of $616.75 million for the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $1.65 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, September 21st. Lamar Advertising’s payout ratio is currently 116.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LAMR shares. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research report on Friday, August 7th. TD Cowen raised their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.