Knollwood Investment Advisory LLC Trims Stock Position in Lamar Advertising Company $LAMR

Knollwood Investment Advisory LLC lessened its stake in Lamar Advertising Company (NASDAQ:LAMR) by 62.7% in the 2nd quarter, HoldingsChannel.com reports. The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising in the 4th quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its position in shares of Lamar Advertising by 451.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 212 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lamar Advertising in the 3rd quarter valued at about $33,000. Western Wealth Management LLC purchased a new position in Lamar Advertising during the 1st quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its stake in Lamar Advertising by 48.1% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $151.55 on Friday. The firm has a market cap of $15.39 billion, a P/E ratio of 27.66 and a beta of 1.17. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33. The business’s 50-day moving average price is $156.60 and its 200 day moving average price is $145.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 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 firm had revenue of $616.75 million during 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, equities research analysts expect that Lamar Advertising Company will post 8.43 earnings per share for the current year.

Lamar Advertising Increases Dividend

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

Wall Street Analyst Weigh In

LAMR has been the subject of a number of research reports. Wells Fargo & Company boosted their price objective on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their target price for the company from $145.00 to $160.00 in a report on Friday, July 10th. TD Cowen upped their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.17.

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.