Knights of Columbus Asset Advisors LLC Purchases Shares of 14,787 Lamar Advertising Company $LAMR

Knights of Columbus Asset Advisors LLC purchased a new stake in Lamar Advertising Company (NASDAQ:LAMR) during the 4th quarter, HoldingsChannel reports. The firm purchased 14,787 shares of the real estate investment trust’s stock, valued at approximately $1,872,000.

Several other hedge funds have also recently added to or reduced their stakes in LAMR. Sivia Capital Partners LLC acquired a new position in shares of Lamar Advertising during the second quarter worth approximately $510,000. Arrowstreet Capital Limited Partnership increased its position in Lamar Advertising by 250.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after acquiring an additional 34,002 shares during the period. Amundi raised its stake in Lamar Advertising by 224.6% during the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Lamar Advertising during the 2nd quarter valued at $873,000. Finally, Cerity Partners LLC boosted its holdings in Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock valued at $4,510,000 after purchasing an additional 10,423 shares during the period. Institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LAMR. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Wells Fargo & Company lifted their target price on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $145.00 price target on Lamar Advertising in a report on Thursday, May 7th. TD Cowen raised their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, UBS Group set a $150.00 price objective on Lamar Advertising in a report on Monday, February 23rd. Three 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, the company presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Stock Up 0.0%

Shares of LAMR opened at $152.12 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. The company has a 50-day moving average price of $137.63 and a two-hundred day moving average price of $133.16. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 28.07 and a beta of 1.18. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. The company had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Equities analysts predict that Lamar Advertising Company will post 8.24 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend 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 currently 118.08%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were 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 in the company, valued at $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.24% of the stock is owned by corporate insiders.

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.