Blue Bird (NASDAQ:BLBD) Director Sells $775,510.02 in Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Phil Horlock sold 15,381 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.42, for a total value of $775,510.02. Following the transaction, the director owned 225,385 shares of the company’s stock, valued at $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 can be accessed through this link.

Blue Bird Price Performance

Shares of BLBD opened at $51.50 on Friday. Blue Bird Corporation has a one year low of $30.04 and a one year high of $61.95. The stock’s fifty day moving average is $52.31 and its 200-day moving average is $50.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.74. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.45 and a beta of 1.42.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Monday, November 24th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.35. The firm had revenue of $409.37 million during the quarter, compared to analyst estimates of $380.37 million. Blue Bird had a net margin of 8.63% and a return on equity of 62.87%. Blue Bird’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Equities analysts anticipate that Blue Bird Corporation will post 3.86 EPS for the current year.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors and hedge funds have recently modified their holdings of BLBD. Tudor Investment Corp ET AL bought a new stake in shares of Blue Bird during the 3rd quarter worth $10,932,000. JPMorgan Chase & Co. lifted its holdings in shares of Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock valued at $53,283,000 after purchasing an additional 601,690 shares during the last quarter. Danske Bank A S acquired a new position in shares of Blue Bird in the 3rd quarter valued at $822,000. Caitong International Asset Management Co. Ltd increased its stake in Blue Bird by 10,028.6% in the 3rd 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 in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Blue Bird during the 3rd quarter worth about $1,757,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research note on Tuesday, November 25th. Zacks Research lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. UBS Group reissued a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Blue Bird in a report on Tuesday, November 25th. Finally, Bank of America lifted their target price on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.60.

Blue Bird Company Profile

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.