Key Points
- Blue Bird director Daniel Mark Thau bought 300 shares on May 19 at an average price of $65.09, a total purchase of $19,527. After the trade, he owned 8,696 shares, up 3.57%.
- Blue Bird recently beat earnings expectations, reporting $1.00 EPS versus the $0.88 consensus and revenue of $352.64 million versus $335.23 million estimated. However, revenue was still down 1.7% year over year.
- Wall Street sentiment remains cautiously positive, with a consensus rating of “Moderate Buy” and an average price target of $75.80. Analyst targets range up to $86, though one firm recently downgraded the stock.
Blue Bird Corporation (NASDAQ:BLBD - Get 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, for a total transaction of $19,527.00. Following the completion of the transaction, the director directly owned 8,696 shares in the company, valued at $566,022.64. The trade was a 3.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Blue Bird Stock Up 1.0%
NASDAQ:BLBD opened at $65.30 on Thursday. Blue Bird Corporation has a 12-month low of $37.68 and a 12-month high of $81.51. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.07 billion, a P/E ratio of 16.04, a P/E/G ratio of 0.91 and a beta of 1.38. The stock's fifty day simple moving average is $61.33 and its 200-day simple moving average is $55.52.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $352.64 million for the quarter, compared to analyst estimates of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The company's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Equities research analysts expect that Blue Bird Corporation will post 4.35 earnings per share for the current year.
Institutional Investors Weigh In On Blue Bird
Several institutional investors have recently made changes to their positions in BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company's stock valued at $618,000 after buying an additional 820 shares during the period. NewEdge Advisors LLC raised its position in Blue Bird by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company's stock worth $93,000 after purchasing an additional 681 shares during the last quarter. Jones Financial Companies Lllp raised its position in Blue Bird by 2,090.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company's stock worth $112,000 after purchasing an additional 3,303 shares during the last quarter. New York State Common Retirement Fund raised its position in Blue Bird by 12.5% during the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company's stock worth $547,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Blue Bird in the 2nd quarter worth about $3,799,000. 93.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Freedom Capital lowered Blue Bird from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 7th. BTIG Research boosted their price target on Blue Bird from $65.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Barclays lifted their target price on Blue Bird from $55.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Needham & Company LLC lifted their target price on Blue Bird from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Finally, Zacks Research downgraded Blue Bird from a "hold" rating to a "strong sell" rating in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Blue Bird has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.
View Our Latest Stock Report 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.
See Also
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].
