Louisiana State Employees Retirement System Purchases 100 Shares of Lamar Advertising Company $LAMR

Louisiana State Employees Retirement System lifted its position in Lamar Advertising Company (NASDAQ:LAMR) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,700 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Lamar Advertising were worth $2,998,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LAMR. 1248 Management LLC bought a new stake in shares of Lamar Advertising in the 1st quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising in the 1st quarter valued at $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising in the 2nd quarter valued at $28,000. HHM Wealth Advisors LLC increased its position in shares of Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC boosted its stake in Lamar Advertising by 79.5% in the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares during the period. Institutional investors own 93.78% of the company’s stock.

Insider Transactions at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LAMR. Wells Fargo & Company reduced their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Morgan Stanley upped their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their target price on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.20.

Lamar Advertising Trading Down 2.0%

Lamar Advertising stock opened at $118.38 on Friday. The firm has a 50-day moving average of $123.80 and a 200-day moving average of $119.79. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 27.53 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is 144.19%.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.