Boyd Gaming Co. (NYSE:BYD) Shares Bought by Huntington National Bank

Huntington National Bank raised its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 86.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,154 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Huntington National Bank’s holdings in Boyd Gaming were worth $156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the period. UMB Bank n.a. increased its holdings in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares during the period. Cetera Trust Company N.A increased its holdings in shares of Boyd Gaming by 6.2% in the fourth quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock valued at $256,000 after purchasing an additional 205 shares during the period. US Bancorp DE raised its stake in shares of Boyd Gaming by 13.6% in the fourth quarter. US Bancorp DE now owns 2,943 shares of the company’s stock worth $213,000 after purchasing an additional 353 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Boyd Gaming by 2.6% during the fourth quarter. Keybank National Association OH now owns 14,039 shares of the company’s stock worth $1,018,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Buying and Selling

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the 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 completion of the sale, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. This represents a 18.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $104,606,063.04. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,125 shares of company stock worth $5,158,490. 21.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BYD has been the subject of a number of recent research reports. Mizuho raised their price target on shares of Boyd Gaming from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Boyd Gaming from $74.00 to $82.00 and gave the company a “hold” rating in a report on Friday, February 7th. Argus upgraded Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, December 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boyd Gaming has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Boyd Gaming Price Performance

Shares of NYSE BYD opened at $61.81 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The firm has a fifty day moving average of $72.67 and a 200 day moving average of $71.12. The firm has a market cap of $5.10 billion, a PE ratio of 9.94, a PEG ratio of 4.46 and a beta of 1.55. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50.

Boyd Gaming (NYSE:BYD) last released its earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. As a group, research analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, March 17th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. Boyd Gaming’s dividend payout ratio (DPR) is 11.58%.

About Boyd Gaming

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.