Blue Bird (NASDAQ:BLBD) CFO Sells $239,346.50 in Stock

Blue Bird Corporation (NASDAQ:BLBD) CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $60.98, for a total value of $239,346.50. Following the transaction, the chief financial officer directly owned 42,255 shares in the company, valued at $2,576,709.90. This trade represents a 8.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Razvan Radulescu also recently made the following trade(s):

• On Wednesday, December 10th, Razvan Radulescu sold 7,984 shares of Blue Bird stock. The stock was sold at an average price of $50.39, for a total value of $402,313.76.

Blue Bird Stock Up 0.8%

NASDAQ BLBD opened at $61.00 on Monday. The business’s fifty day simple moving average is $51.76 and its 200-day simple moving average is $53.67. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.93 billion, a PE ratio of 15.40, a P/E/G ratio of 2.44 and a beta of 1.45. Blue Bird Corporation has a 52 week low of $30.04 and a 52 week high of $62.55.

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

Analyst Upgrades and Downgrades

BLBD has been the subject of several analyst reports. Barclays increased their price objective on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Needham & Company LLC increased their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. DA Davidson increased their target price on shares of Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, BTIG Research reiterated a “buy” rating and set a $65.00 price target on shares of Blue Bird in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of “Buy” and a consensus price target of $67.20.

Institutional Trading of Blue Bird

A number of institutional investors and hedge funds have recently bought and sold shares of BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Blue Bird by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares in the last quarter. NewEdge Advisors LLC increased its stake 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 buying an additional 681 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 3,303 shares in the last quarter. CWM LLC boosted its position in Blue Bird by 40.0% in the 2nd quarter. CWM LLC now owns 5,279 shares of the company’s stock valued at $228,000 after buying an additional 1,508 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new position in Blue Bird in the 2nd quarter valued at approximately $234,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Company Profile

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.