Key Points
- COO Jeffrey Scott Sanfrey sold 5,192 shares on March 4 at an average price of $58.54 for about $303,940, cutting his stake by 11.75% to 39,011 shares (valued at roughly $2.28M).
- Blue Bird beat estimates with quarterly EPS of $1.00 (vs. $0.80) and revenue of $333.08M (+6.1% y/y), the stock trades near $54.82 with a $1.73B market cap, and analysts have a consensus "Buy" rating with a $67.20 average price target.
Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) COO Jeffrey Scott Sanfrey sold 5,192 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total transaction of $303,939.68. Following the completion of the sale, the chief operating officer owned 39,011 shares of the company's stock, valued at $2,283,703.94. The trade was a 11.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Blue Bird Price Performance
Shares of NASDAQ:BLBD traded down $1.65 during mid-day trading on Friday, reaching $54.82. The stock had a trading volume of 115,293 shares, compared to its average volume of 472,266. The business's 50 day moving average price is $53.09 and its 200 day moving average price is $53.91. Blue Bird Corporation has a 1 year low of $30.04 and a 1 year high of $62.90. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.73 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40.
Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The business had revenue of $333.08 million for the quarter, compared to analysts' expectations of $325.74 million. During the same quarter last year, the firm earned $0.92 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts expect that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.
Institutional Trading of Blue Bird
Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in shares of Blue Bird during the third quarter valued at approximately $38,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company's stock valued at $39,000 after purchasing an additional 568 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock valued at $41,000 after buying an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Blue Bird during the 4th quarter valued at about $41,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company's stock valued at $43,000 after acquiring an additional 611 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently commented on BLBD shares. Bank of America raised their price objective on shares of Blue Bird from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. DA Davidson lifted their price objective on shares of Blue Bird from $70.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. Needham & Company LLC boosted their price objective on shares of Blue Bird from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Blue Bird from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Finally, BTIG Research reaffirmed a "buy" rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, Blue Bird has a consensus rating of "Buy" and a consensus price target of $67.20.
Get Our Latest Analysis on BLBD
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
