Lamar advertising director Thomas Reifenheiser sells $1.2m in shares
Thomas V. Reifenheiser, a director at Lamar Advertising Co. (NASDAQ: LAMR), recently sold 8,099 shares of the company's Class A Common Stock on September 14, 2026. The transactions totaled approximately $1.2 million, with the shares traded at prices ranging from $148.75 to $149.23, averaging $149.0308 per share. This sale brings Mr. Reifenheiser's direct ownership of 36,387 shares of Lamar Advertising's Class A Common Stock.
The insider sale occurred as Lamar Advertising shares traded at $147.53, nearing its 52-week high of $166.33. In the first half of 2026, the stock has delivered a 19% return, according to InvestingPro analysis. However, the company appears overvalued at current levels, with a P/E ratio of 26.7 and a dividend yield of 4.46%. Lamar Advertising is valued at $15 billion.
Despite the recent sale, Lamar Advertising reported strong financials in its second-quarter 2026 results, surpassing Wall Street expectations. The company reported earnings of $1.58 per share and revenue of $616.74 million, exceeding expectations. The company also raised its full-year AFFO outlook for 2026 to a range of $8.75 to $8.90 per share, driven by broad-based revenue growth and record margins.
Lamar Advertising's performance showed strength across various sectors, including billboards, transit, airports, and logos, with 21 consecutive quarters of revenue growth.
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