Mutual of America Capital Management LLC Has $2.64 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Mutual of America Capital Management LLC lessened its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,110 shares of the company’s stock after selling 3,204 shares during the period. Mutual of America Capital Management LLC’s holdings in Boyd Gaming were worth $2,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortem Financial Group LLC raised its holdings in Boyd Gaming by 7.2% during the 4th quarter. Fortem Financial Group LLC now owns 15,674 shares of the company’s stock worth $981,000 after buying an additional 1,047 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Boyd Gaming in the fourth quarter worth approximately $117,720,000. Allworth Financial LP boosted its holdings in shares of Boyd Gaming by 3,333.3% during the fourth quarter. Allworth Financial LP now owns 1,030 shares of the company’s stock worth $64,000 after purchasing an additional 1,000 shares during the period. SteelPeak Wealth LLC purchased a new position in Boyd Gaming during the fourth quarter valued at approximately $835,000. Finally, LVZ Inc. increased its stake in Boyd Gaming by 11.0% in the 4th quarter. LVZ Inc. now owns 4,359 shares of the company’s stock valued at $273,000 after buying an additional 432 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insiders Place Their Bets

In other news, COO Ted Bogich sold 41,631 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.79, for a total value of $2,697,272.49. Following the completion of the sale, the chief operating officer now directly owns 66,803 shares of the company’s stock, valued at $4,328,166.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Ted Bogich sold 41,631 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.79, for a total transaction of $2,697,272.49. Following the transaction, the chief operating officer now owns 66,803 shares in the company, valued at approximately $4,328,166.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder William S. Boyd sold 63,464 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $63.12, for a total value of $4,005,847.68. Following the completion of the transaction, the insider now directly owns 8,795,449 shares of the company’s stock, valued at approximately $555,168,740.88. The disclosure for this sale can be found here. Insiders have sold a total of 582,910 shares of company stock valued at $37,299,461 in the last three months. Company insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Performance

NYSE:BYD opened at $62.92 on Friday. The firm has a market capitalization of $6.02 billion, a PE ratio of 10.31, a PEG ratio of 3.03 and a beta of 1.60. Boyd Gaming Co. has a 1 year low of $52.42 and a 1 year high of $73.00. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm’s fifty day simple moving average is $64.42 and its 200 day simple moving average is $61.91.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $954.41 million during the quarter, compared to analysts’ expectations of $928.04 million. Boyd Gaming had a net margin of 16.58% and a return on equity of 36.97%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 earnings per share. On average, sell-side analysts anticipate that Boyd Gaming Co. will post 6.18 EPS for the current year.

Boyd Gaming Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio (DPR) is 11.15%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BYD shares. Truist Financial boosted their price target on shares of Boyd Gaming from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 9th. Wells Fargo & Company lifted their price target on Boyd Gaming from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, February 9th. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. boosted their price target on Boyd Gaming from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Morgan Stanley boosted their price target on Boyd Gaming from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.30.

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.