Northern Trust Corp Has $43.34 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Northern Trust Corp lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 597,431 shares of the company’s stock after buying an additional 77,619 shares during the quarter. Northern Trust Corp owned about 0.68% of Boyd Gaming worth $43,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Boyd Gaming during the 3rd quarter worth about $64,000. Golden State Wealth Management LLC bought a new stake in shares of Boyd Gaming in the 4th quarter valued at about $67,000. Finally, Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming in the 4th quarter valued at approximately $73,000. 76.81% of the stock is owned by institutional investors.

Insider Activity at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,125 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the sale, the director now directly owns 4,852 shares of the company’s stock, valued at approximately $365,258.56. This represents a 18.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the transaction, the chairman now owns 1,346,628 shares of the company’s stock, valued at $104,606,063.04. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,125 shares of company stock valued at $5,158,490. Insiders own 21.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Boyd Gaming from $75.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Barclays lowered their price objective on shares of Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Susquehanna lifted their target price on Boyd Gaming from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Friday, April 25th. JMP Securities restated a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price target on Boyd Gaming from $82.00 to $71.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.07.

Boyd Gaming Trading Up 0.9 %

NYSE:BYD opened at $71.58 on Friday. The company has a market cap of $5.91 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50. The business has a 50 day moving average price of $67.18 and a two-hundred day moving average price of $71.45. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The business had revenue of $991.57 million during the quarter, compared to analysts’ expectations of $976.38 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, analysts expect that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.01%. Boyd Gaming’s payout ratio is presently 11.75%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.