Key Points
- Director sale: Director Phil Horlock sold 15,381 shares on Dec. 12 at an average price of $50.42 for $775,510.02, trimming his stake by 6.39% to 225,385 shares (disclosed in an SEC filing).
- Quarterly results: Blue Bird beat estimates with $1.32 EPS vs. $0.97 expected and $409.37M in revenue (vs. $380.37M), with revenue up 16.9% year-over-year and strong profitability metrics like a 62.87% ROE.
- Analyst sentiment: The consensus is a "Moderate Buy" (six Buys, one Hold) with a $64.60 target; the stock trades near $51 with a market cap of about $1.62B and a P/E of 13.2.
Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 15,381 shares of the company's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the sale, the director owned 225,385 shares in the company, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Blue Bird Price Performance
Shares of NASDAQ BLBD opened at $51.22 on Wednesday. The company has a 50 day simple moving average of $52.47 and a two-hundred day simple moving average of $50.74. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $61.95. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 2.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.74.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results 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. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The company had revenue of $409.37 million for the quarter, compared to the consensus estimate of $380.37 million. During the same quarter in the prior year, the business posted $0.77 EPS. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Analysts expect that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.
Analyst Ratings Changes
BLBD has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $70.00 price target on shares of Blue Bird in a report on Tuesday, November 25th. Bank of America increased their price objective on shares of Blue Bird from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, November 25th. Zacks Research cut shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. BTIG Research reiterated a "buy" rating and issued a $65.00 target price on shares of Blue Bird in a research note on Tuesday, November 25th. Finally, UBS Group reissued a "buy" rating on shares of Blue Bird in a research report on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Blue Bird presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.60.
Check Out Our Latest Stock Analysis on Blue Bird
Hedge Funds Weigh In On Blue Bird
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Blue Bird during the 2nd quarter valued at about $29,000. Blue Trust Inc. bought a new position in Blue Bird during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd boosted its holdings in Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock worth $41,000 after purchasing an additional 702 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company's stock worth $43,000 after purchasing an additional 611 shares during the period. Finally, 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 buying an additional 1,175 shares during the last quarter. Institutional investors own 93.59% of the company's stock.
About Blue Bird
(
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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