Lamar Advertising Company $LAMR Stake Trimmed by Horizon Investments LLC

Horizon Investments LLC lowered its stake in Lamar Advertising Company (NASDAQ:LAMR) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 44,751 shares of the real estate investment trust’s stock after selling 3,620 shares during the period. Horizon Investments LLC’s holdings in Lamar Advertising were worth $5,665,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LAMR. M&T Bank Corp increased its stake in Lamar Advertising by 12,278.7% in the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock worth $145,298,000 after purchasing an additional 1,138,603 shares in the last quarter. AQR Capital Management LLC increased its stake in Lamar Advertising by 123.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after purchasing an additional 816,217 shares in the last quarter. Egerton Capital UK LLP acquired a new stake in Lamar Advertising during the 3rd quarter worth about $88,615,000. Invesco Ltd. boosted its position in Lamar Advertising by 97.8% during the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock worth $121,439,000 after acquiring an additional 490,463 shares during the period. Finally, Northern Trust Corp boosted its position in Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after acquiring an additional 314,235 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $140.35 on Monday. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 24.32 and a beta of 1.18. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 52-week low of $112.00 and a 52-week high of $140.86. The stock has a 50-day simple moving average of $132.61 and a 200-day simple moving average of $129.37.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.68). The firm had revenue of $595.93 million for the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. On average, equities research analysts expect that Lamar Advertising Company will post 8.23 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $1.60 per share. The ex-dividend date was Monday, March 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.6%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio is presently 110.92%.

Insider Activity

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 15.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Wells Fargo & Company raised their price objective on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Finally, UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.80.

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.