State of Wyoming bought a new stake in Blue Bird Corporation (NASDAQ:BLBD – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,754 shares of the company’s stock, valued at approximately $612,000.
Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Blue Bird by 85.5% during the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Blue Bird in the 1st quarter worth about $2,439,000. Bank of America Corp DE raised its position in Blue Bird by 3.8% in the 1st quarter. Bank of America Corp DE now owns 529,345 shares of the company’s stock worth $30,062,000 after purchasing an additional 19,576 shares during the period. Janus Henderson Group PLC lifted its stake in Blue Bird by 41.8% in 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. Finally, California State Teachers Retirement System lifted its stake in Blue Bird by 26.4% in the first quarter. California State Teachers Retirement System now owns 38,120 shares of the company’s stock worth $2,165,000 after purchasing an additional 7,961 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.
Wall Street Analysts Forecast Growth
BLBD has been the topic of a number of analyst reports. DA Davidson upped their target price on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Roth Capital set a $93.00 price target on Blue Bird in a report on Monday, August 10th. Barclays raised their price target on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Freedom Capital upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $85.33.
Blue Bird Stock Performance
Shares of Blue Bird stock opened at $64.81 on Monday. The firm has a market cap of $2.05 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.84 and a beta of 1.36. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The stock’s fifty day moving average price is $74.52 and its 200-day moving average price is $65.61.
Blue Bird (NASDAQ:BLBD – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The firm had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. On average, equities research analysts expect that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.
Blue Bird Profile
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.
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