Key Points
- Blue Bird COO Jeffrey Sanfrey sold 4,000 shares at an average price of $62.40, totaling $249,600. His remaining 35,011-share position is valued at approximately $2.18 million, representing a 10.25% reduction.
- Blue Bird’s latest quarterly results exceeded expectations, with EPS of $1.28 versus $1.25 expected and revenue of $517.16 million compared with estimates of $485.73 million.
- Analysts maintain a favorable outlook: the stock has an overall “Buy” rating and an average price target of $85.33, well above its recent opening price of $60.43.
Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) COO Jeffrey Sanfrey sold 4,000 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $62.40, for a total transaction of $249,600.00. Following the completion of the transaction, the chief operating officer owned 35,011 shares of the company's stock, valued at approximately $2,184,686.40. This trade represents a 10.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Blue Bird Stock Down 0.6%
Blue Bird stock opened at $60.43 on Friday. Blue Bird Corporation has a twelve month low of $46.14 and a twelve month high of $83.39. The stock's fifty day simple moving average is $67.62 and its 200-day simple moving average is $66.42. 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 firm has a market capitalization of $1.91 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.79 and a beta of 1.36.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.03. The firm had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. As a group, equities analysts expect that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on BLBD shares. Wall Street Zen upgraded Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays raised their target price on shares of Blue Bird from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Needham & Company LLC reiterated a "buy" rating and issued a $86.00 price target on shares of Blue Bird in a research note on Thursday, August 6th. BTIG Research boosted their price target on shares of Blue Bird from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, DA Davidson boosted their price target on shares of Blue Bird from $86.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $85.33.
Read Our Latest Research Report on Blue Bird
Institutional Trading of Blue Bird
Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Blue Bird during the 2nd quarter worth about $134,000. IFP Advisors Inc increased its holdings in shares of Blue Bird by 53.5% in the 2nd quarter. IFP Advisors Inc now owns 1,412 shares of the company's stock valued at $111,000 after acquiring an additional 492 shares during the last quarter. Allworth Financial LP raised its position in shares of Blue Bird by 51.2% during the 2nd quarter. Allworth Financial LP now owns 957 shares of the company's stock worth $76,000 after acquiring an additional 324 shares in the last quarter. Nykredit A S acquired a new stake in shares of Blue Bird during the 2nd quarter worth about $36,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Blue Bird during the 2nd quarter worth about $252,000. 93.59% of the stock is owned by hedge funds and other institutional investors.
About Blue Bird
(
Get Free Report)
Blue Bird Corporation designs and manufactures school buses for public and private school districts, pupil transportation operators and other organizations. Its product portfolio includes conventional Type C buses, transit-style Type D buses and smaller buses, with powertrain options that include electric, propane and gasoline.
The company also provides replacement parts and support services for its buses through a network of dealers and service locations. Blue Bird emphasizes alternative-fuel and zero-emission transportation solutions, including battery-electric school buses, alongside conventional products.
Founded in 1927, Blue Bird is headquartered in Macon, Georgia.
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