Lamar Advertising (NASDAQ:LAMR) Hits New 1-Year High – Should You Buy?

Lamar Advertising Company (NASDAQ:LAMR)’s stock price hit a new 52-week high on Thursday . The company traded as high as $163.01 and last traded at $162.5950, with a volume of 51894 shares traded. The stock had previously closed at $160.29.

Analyst Ratings Changes

Several research firms recently weighed in on LAMR. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research note on Thursday, May 7th. TD Cowen increased their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Wells Fargo & Company raised their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $150.50.

Lamar Advertising Stock Performance

The business’s fifty day moving average is $153.39 and its two-hundred day moving average is $139.47. 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 stock has a market capitalization of $16.47 billion, a PE ratio of 29.95 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The company had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. As a group, research analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.9%. Lamar Advertising’s payout ratio is 118.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tucker Asset Management LLC bought a new stake in Lamar Advertising during the fourth quarter worth approximately $25,000. Sound Income Strategies LLC lifted its stake in shares of Lamar Advertising by 151.0% in the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lamar Advertising in the 3rd quarter worth approximately $33,000. Beacon Financial Strategies CORP purchased a new position in shares of Lamar Advertising in the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Lamar Advertising in the 3rd quarter worth approximately $39,000. Institutional investors own 93.78% of the company’s stock.

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.