Berkshire Hathaway Inc Boosts Stock Holdings in Lamar Advertising Company $LAMR

Berkshire Hathaway Inc raised its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,202,110 shares of the real estate investment trust’s stock after purchasing an additional 32,603 shares during the period. Berkshire Hathaway Inc’s holdings in Lamar Advertising were worth $147,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LAMR. Quent Capital LLC purchased a new position in shares of Lamar Advertising during the 3rd quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in Lamar Advertising in the 3rd quarter worth about $27,000. Loomis Sayles & Co. L P purchased a new stake in Lamar Advertising in the 2nd quarter worth about $34,000. Caldwell Trust Co bought a new stake in Lamar Advertising in the 2nd quarter valued at about $49,000. Finally, Root Financial Partners LLC bought a new stake in Lamar Advertising in the 3rd quarter valued at about $51,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

Shares of LAMR opened at $134.14 on Friday. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.76. The stock’s 50-day simple moving average is $132.01 and its 200 day simple moving average is $127.71. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 23.25 and a beta of 1.21.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The company had revenue of $595.93 million for the quarter, compared to analysts’ expectations of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $1.60 per share. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, March 16th. Lamar Advertising’s dividend payout ratio is presently 107.45%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LAMR. Wells Fargo & Company increased their target price on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a report on Tuesday, December 16th. Finally, UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lamar Advertising has a consensus rating of “Moderate Buy” and a consensus target price of $139.80.

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.