LSV Asset Management Makes New $5.16 Million Investment in Boyd Gaming Co. (NYSE:BYD)

LSV Asset Management bought a new position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 71,100 shares of the company's stock, valued at approximately $5,158,000. LSV Asset Management owned 0.08% of Boyd Gaming at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of Boyd Gaming by 1.0% during the fourth quarter. Rhumbline Advisers now owns 185,714 shares of the company's stock worth $13,472,000 after buying an additional 1,797 shares during the period. Sanctuary Advisors LLC boosted its holdings in Boyd Gaming by 25.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 47,369 shares of the company's stock valued at $3,062,000 after acquiring an additional 9,565 shares during the period. Allspring Global Investments Holdings LLC grew its position in Boyd Gaming by 226.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 202,824 shares of the company's stock valued at $14,569,000 after acquiring an additional 140,707 shares in the last quarter. Truist Financial Corp increased its stake in Boyd Gaming by 20.7% during the fourth quarter. Truist Financial Corp now owns 4,458 shares of the company's stock worth $323,000 after purchasing an additional 765 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Boyd Gaming during the fourth quarter worth about $307,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Stock Performance

Shares of BYD stock traded down $0.17 during trading hours on Friday, hitting $64.65. The stock had a trading volume of 661,029 shares, compared to its average volume of 977,664. The stock's 50 day moving average is $69.84 and its 200 day moving average is $71.02. The firm has a market capitalization of $5.33 billion, a PE ratio of 10.39, a PEG ratio of 4.46 and a beta of 1.31. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 EPS for the quarter, beating 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 forecast that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. This is a boost from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, March 17th. Boyd Gaming's dividend payout ratio (DPR) is presently 11.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BYD shares. Mizuho increased their target price on shares of Boyd Gaming from $79.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Truist Financial lowered their target price on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Susquehanna decreased their price objective on Boyd Gaming from $77.00 to $75.00 and set a "positive" rating for the company in a research note on Wednesday. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Finally, Stifel Nicolaus raised their price objective 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.27.

Insider Buying and Selling

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $365,258.56. This trade represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Boyd sold 15,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares in the company, valued at $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,125 shares of company stock valued at $5,158,490 over the last three months. 27.94% of the stock is currently owned by company insiders.

Boyd Gaming Company 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.