Key Points
- Director Daniel Mark Thau bought 400 shares on December 4 at an average price of $51.05 for $20,420, raising his ownership to 6,099 shares (a 7.02% increase).
- Blue Bird posted a quarterly earnings beat with $1.32 EPS versus $0.97 expected and revenue of $409.37M (up 16.9% year-over-year), alongside a 62.87% ROE and 8.63% net margin.
- Analysts show a consensus Moderate Buy (six Buy ratings, one Hold) with an average target of $64.60, and institutional investors own about 93.59% of the shares.
Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) Director Daniel Mark Thau acquired 400 shares of the business's stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average cost of $51.05 per share, for a total transaction of $20,420.00. Following the completion of the transaction, the director directly owned 6,099 shares in the company, valued at $311,353.95. This represents a 7.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Blue Bird Price Performance
BLBD stock opened at $51.27 on Friday. The stock has a 50-day moving average price of $53.04 and a two-hundred day moving average price of $50.02. Blue Bird Corporation has a 1 year low of $30.04 and a 1 year high of $61.95. The stock has a market cap of $1.63 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.41 and a beta of 1.42. The company has a current ratio of 1.74, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.35. The company had revenue of $409.37 million during the quarter, compared to analysts' expectations of $380.37 million. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.Blue Bird's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities analysts forecast that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. UBS Group reaffirmed a "buy" rating on shares of Blue Bird in a research note on Monday, November 3rd. BTIG Research reaffirmed a "buy" rating and issued a $65.00 target price on shares of Blue Bird in a research report on Tuesday, November 25th. Wall Street Zen upgraded shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Needham & Company LLC restated a "buy" rating and set a $70.00 price objective on shares of Blue Bird in a research note on Tuesday, November 25th. Finally, Zacks Research cut Blue Bird from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Bird currently has a consensus rating of "Moderate Buy" and an average target price of $64.60.
Get Our Latest Research Report on BLBD
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its stake in Blue Bird by 40.0% in the second quarter. American Century Companies Inc. now owns 2,267,131 shares of the company's stock valued at $97,849,000 after buying an additional 647,637 shares during the period. Wellington Management Group LLP lifted its position in Blue Bird by 1.8% during the first quarter. Wellington Management Group LLP now owns 1,358,691 shares of the company's stock worth $43,981,000 after acquiring an additional 23,569 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Blue Bird by 13.6% during the first quarter. Alliancebernstein L.P. now owns 936,495 shares of the company's stock worth $30,314,000 after acquiring an additional 112,197 shares during the period. JPMorgan Chase & Co. grew its position in shares of Blue Bird by 185.6% in the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company's stock valued at $53,283,000 after purchasing an additional 601,690 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Blue Bird by 27.9% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 823,096 shares of the company's stock valued at $35,525,000 after purchasing an additional 179,500 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.
Blue Bird Company Profile
(
Get Free Report)
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.
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