Blue Bird Co. (NASDAQ:BLBD) Director Phil Horlock Sells 8,860 Shares of Stock

Blue Bird Co. (NASDAQ:BLBD) Director Phil Horlock sold 8,860 shares of Blue Bird stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $41.04, for a total transaction of $363,614.40. Following the sale, the director now owns 270,766 shares in the company, valued at $11,112,236.64. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Phil Horlock also recently made the following trade(s):

• On Wednesday, June 11th, Phil Horlock sold 13,289 shares of Blue Bird stock. The shares were sold at an average price of $41.70, for a total transaction of $554,151.30.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $41.15 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The firm has a market capitalization of $1.30 billion, a PE ratio of 12.74, a P/E/G ratio of 0.84 and a beta of 1.40. Blue Bird Co. has a 1-year low of $30.04 and a 1-year high of $59.40. The business’s fifty day moving average price is $37.21 and its two-hundred day moving average price is $37.55.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. The business had revenue of $358.85 million during the quarter, compared to analyst estimates of $348.23 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on BLBD. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target on shares of Blue Bird in a report on Tuesday, May 27th. Barclays cut their target price on Blue Bird from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. DA Davidson decreased their price target on shares of Blue Bird from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, Wall Street Zen cut shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of “Moderate Buy” and an average price target of $56.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dunhill Financial LLC raised its holdings in shares of Blue Bird by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock valued at $39,000 after buying an additional 500 shares during the last quarter. US Bancorp DE raised its stake in Blue Bird by 440.1% during the 1st quarter. US Bancorp DE now owns 1,442 shares of the company’s stock valued at $47,000 after acquiring an additional 1,175 shares in the last quarter. Quarry LP boosted its position in Blue Bird by 55.0% during the 4th quarter. Quarry LP now owns 1,262 shares of the company’s stock worth $49,000 after acquiring an additional 448 shares during the period. KBC Group NV grew its stake in shares of Blue Bird by 75.3% in the fourth quarter. KBC Group NV now owns 1,420 shares of the company’s stock worth $55,000 after purchasing an additional 610 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Blue Bird by 44.1% during the fourth quarter. NewEdge Advisors LLC now owns 2,204 shares of the company’s stock valued at $85,000 after purchasing an additional 674 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.