Purkiss Capital Advisors LLC Has $1.02 Million Stake in Lamar Advertising Company $LAMR

Purkiss Capital Advisors LLC boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 245.2% in the second quarter, Holdings Channel.com reports. The firm owned 8,409 shares of the real estate investment trust’s stock after purchasing an additional 5,973 shares during the quarter. Purkiss Capital Advisors LLC’s holdings in Lamar Advertising were worth $1,020,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LAMR. Blair William & Co. IL grew its holdings in Lamar Advertising by 1.5% during the 2nd quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 81 shares during the last quarter. JB Capital LLC increased its stake in Lamar Advertising by 0.3% during the 2nd quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust’s stock valued at $3,631,000 after purchasing an additional 82 shares in the last quarter. SWS Partners increased its stake in Lamar Advertising by 0.6% during the 1st quarter. SWS Partners now owns 15,347 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 85 shares in the last quarter. Bessemer Group Inc. raised its holdings in Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 94 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Lamar Advertising by 7.2% in the second quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 98 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $120.02 on Tuesday. The business’s fifty day simple moving average is $123.45 and its 200 day simple moving average is $120.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $137.30. The firm has a market capitalization of $12.15 billion, a P/E ratio of 27.91 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.2%. Lamar Advertising’s payout ratio is currently 144.19%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LAMR shares. Morgan Stanley boosted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Wells Fargo & Company decreased their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. lowered their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Lamar Advertising has an average rating of “Moderate Buy” and a consensus target price of $134.20.

Insiders Place Their Bets

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.99% of the stock is currently owned by insiders.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.