Key Points
- Blue Bird director Daniel Mark Thau bought 350 shares at an average price of $64.37, investing $22,529.50 and increasing his ownership by 4.02% to 9,046 shares.
- Blue Bird reported quarterly results above expectations, with earnings per share of $1.28 versus the $1.25 consensus and revenue of $517.16 million versus $485.73 million expected.
- Analysts maintain a generally positive view, with an average rating of “Buy” and a consensus price target of $85.33; institutional investors own 93.59% of the stock.
Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) Director Daniel Mark Thau purchased 350 shares of Blue Bird stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $64.37 per share, for a total transaction of $22,529.50. Following the transaction, the director owned 9,046 shares in the company, valued at $582,291.02. This represents a 4.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Daniel Mark Thau also recently made the following trade(s):
- On Tuesday, May 19th, Daniel Mark Thau acquired 300 shares of Blue Bird stock. The shares were bought at an average cost of $65.09 per share, for a total transaction of $19,527.00.
Blue Bird Trading Up 0.5%
BLBD opened at $64.67 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.05 billion, a PE ratio of 7.87, a PEG ratio of 0.84 and a beta of 1.36. Blue Bird Corporation has a 1-year low of $46.14 and a 1-year high of $83.39. The firm has a 50-day moving average price of $74.61 and a two-hundred day moving average price of $65.51.
Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The company had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. As a group, equities analysts anticipate that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Blue Bird
Institutional investors have recently modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of Blue Bird by 24.6% in the 4th quarter. HighTower Advisors LLC now owns 83,508 shares of the company's stock valued at $3,925,000 after acquiring an additional 16,501 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in Blue Bird by 279.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 21,540 shares of the company's stock worth $1,012,000 after acquiring an additional 15,867 shares during the last quarter. UBS Group AG grew its holdings in Blue Bird by 161.7% during the fourth quarter. UBS Group AG now owns 277,796 shares of the company's stock valued at $13,056,000 after purchasing an additional 171,642 shares during the period. Vanguard Group Inc. grew its holdings in Blue Bird by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company's stock valued at $95,931,000 after purchasing an additional 135,562 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Blue Bird by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 506,665 shares of the company's stock valued at $29,767,000 after purchasing an additional 96,793 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on BLBD. Barclays upped their price objective on Blue Bird from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Wall Street Zen cut Blue Bird from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. BTIG Research boosted their target price on Blue Bird from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday. Finally, Zacks Research upgraded Blue Bird from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $85.33.
Get Our Latest Stock Analysis on BLBD
About Blue Bird
(
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.
Further Reading
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