Diamond Hill Capital Management LLC Investment Advisor Takes $26.47 Million Position in Lamar Advertising Company $LAMR

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 169,694 shares of the real estate investment trust’s stock, valued at approximately $26,469,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LAMR. First Citizens Bank & Trust Co. lifted its stake in Lamar Advertising by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 75 shares in the last quarter. Praxis Investment Management Inc. grew its position in shares of Lamar Advertising by 2.7% during the 1st quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 76 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Lamar Advertising by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 78 shares during the period. Argent Advisors Inc. increased its holdings in shares of Lamar Advertising by 0.6% in the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after purchasing an additional 80 shares during the period. Finally, Glenmede Investment Management LP raised its position in shares of Lamar Advertising by 3.2% in the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 81 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LAMR shares. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research note on Friday, August 7th. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and raised their price target for the company from $145.00 to $160.00 in a report on Friday, July 10th. JPMorgan Chase & Co. lifted their price target on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. TD Cowen boosted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has an average rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Stock Performance

Lamar Advertising stock opened at $155.47 on Monday. The firm’s fifty day moving average price is $156.66 and its 200-day moving average price is $143.77. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $15.79 billion, a P/E ratio of 28.37 and a beta of 1.19. Lamar Advertising Company has a fifty-two week low of $114.45 and a fifty-two week high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.58. The company had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. 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 8.41 earnings per share for the current fiscal year.

Lamar Advertising Company 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.