Lamar Advertising Co (NASDAQ: LAMR) is -1.27% lower on its value in year-to-date trading and has touched a low of $101.90 and a high of $139.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LAMR stock was last observed hovering at around $119.91 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $120.19, the stock is -3.10% and -6.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.47 million and changing 0.23% at the moment leaves the stock -2.06% off its SMA200. LAMR registered 15.73% gain for a year compared to 6-month gain of 2.43%. The firm has a 50-day simple moving average (SMA 50) of $128.3756 and a 200-day simple moving average (SMA200) of $122.94005.
The stock witnessed a -8.23% loss in the last 1 month and extending the period to 3 months gives it a -9.41%, and is -1.27% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.92% over the week and 1.83% over the month.
Lamar Advertising Co (LAMR) has around 3550 employees, a market worth around $12.30B and $2.18B in sales. Current P/E ratio is 24.06 and Fwd P/E is 21.11. Profit margin for the company is 23.44%. Distance from 52-week low is 17.95% and -13.91% from its 52-week high. The company has generated returns on investments over the last 12 months (9.62%).
The EPS is expected to grow by 2.60% this year
741.0 institutions hold shares in Lamar Advertising Co (LAMR), with institutional investors hold 94.87% of the company’s shares. The shares outstanding are 87.94M, and float is at 87.24M with Short Float at 2.91%. Institutions hold 94.12% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.61 million shares valued at $1.51 billion. The investor’s holdings represent 12.3511 of the LAMR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.07 million shares valued at $1.08 billion to account for 8.8825 of the shares outstanding. The other top investors are FMR LLC which holds 5.08 million shares representing 4.9708 and valued at over $606.73 million, while JANUS HENDERSON GROUP PLC holds 4.0441 of the shares totaling 4.13 million with a market value of $493.61 million.
Lamar Advertising Co (LAMR) Insider Activity
The most recent transaction is an insider sale by KOERNER JOHN E III, the company’s Director. SEC filings show that KOERNER JOHN E III sold 17,000 shares of the company’s common stock on May 10 ’24 at a price of $120.05 per share for a total of $2.04 million. Following the sale, the insider now owns 32178.0 shares.
Lamar Advertising Co disclosed in a document filed with the SEC on Mar 07 ’24 that Johnson Jay LeCoryelle (CFO, Treasurer, EVP) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $118.97 per share for $0.59 million. Following the transaction, the insider now directly holds 10000.0 shares of the LAMR stock.
