Blue Bird (NASDAQ:BLBD) Director Acquires $19,527.00 in Stock

Blue Bird Corporation (NASDAQ:BLBDGet Free Report) Director Daniel Mark Thau purchased 300 shares of Blue Bird stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $65.09 per share, with a total value of $19,527.00. Following the completion of the transaction, the director owned 8,696 shares of the company’s stock, valued at $566,022.64. This represents a 3.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $66.30 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.38. Blue Bird Corporation has a fifty-two week low of $37.68 and a fifty-two week high of $81.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.83. The stock has a fifty day moving average of $61.81 and a 200-day moving average of $55.70.

Blue Bird (NASDAQ:BLBDGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The company had revenue of $352.64 million during the quarter, compared to analysts’ expectations of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Equities research analysts anticipate that Blue Bird Corporation will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On Blue Bird

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Blue Bird by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock worth $95,931,000 after buying an additional 135,562 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Blue Bird by 41.8% during the first quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock worth $62,669,000 after purchasing an additional 324,710 shares during the last quarter. Wellington Management Group LLP lifted its stake in Blue Bird by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 1,048,028 shares of the company’s stock worth $49,257,000 after purchasing an additional 8,430 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after purchasing an additional 601,690 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Blue Bird by 14.5% during the fourth quarter. First Trust Advisors LP now owns 865,136 shares of the company’s stock worth $40,661,000 after purchasing an additional 109,668 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLBD has been the subject of several recent analyst reports. Freedom Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen cut Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. BTIG Research boosted their target price on Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research cut Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Finally, Needham & Company LLC boosted their target price on Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.80.

Check Out Our Latest Research Report on Blue Bird

Blue Bird Company Profile

(Get Free Report)

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.

Further Reading

Insider Buying and Selling by Quarter for Blue Bird (NASDAQ:BLBD)

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