Blue Bird (NASDAQ:BLBD) Stock Passes Above 50-Day Moving Average – Time to Sell?

Blue Bird Corporation (NASDAQ:BLBD) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $50.97 and traded as high as $58.07. Blue Bird shares last traded at $57.59, with a volume of 425,009 shares changing hands.

Analyst Ratings Changes

BLBD has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. Barclays increased their target price on shares of Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. BTIG Research reiterated a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a research note on Thursday, February 5th. Finally, Bank of America lifted their target price on Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $67.20.

Blue Bird Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81. The company has a market capitalization of $1.82 billion, a PE ratio of 14.54, a P/E/G ratio of 2.31 and a beta of 1.45. The company’s 50-day simple moving average is $50.97 and its 200-day simple moving average is $53.19.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The firm had revenue of $333.08 million for the quarter, compared to analyst estimates of $325.74 million. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Insider Activity at Blue Bird

In other news, CFO Razvan Radulescu sold 7,984 shares of Blue Bird stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total value of $402,313.76. Following the sale, the chief financial officer owned 49,087 shares of the company’s stock, valued at $2,473,493.93. The trade was a 13.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phil Horlock sold 15,381 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $50.42, for a total transaction of $775,510.02. Following the transaction, the director owned 225,385 shares in the company, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in shares of Blue Bird in the 3rd quarter valued at approximately $38,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Blue Bird in the second quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 worth $41,000 after purchasing an additional 702 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position 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 worth $39,000 after purchasing an additional 568 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Blue Bird by 159.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Blue Bird

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.