Insider Buying: Blue Bird (NASDAQ:BLBD) Director Purchases 350 Shares of Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau acquired 350 shares of Blue Bird stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $64.37 per share, for a total transaction of $22,529.50. Following the completion of the purchase, the director directly owned 9,046 shares of the company’s stock, valued at approximately $582,291.02. The trade was a 4.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Daniel Mark Thau also recently made the following trade(s):

• On Tuesday, May 19th, Daniel Mark Thau bought 300 shares of Blue Bird stock. The stock was bought at an average cost of $65.09 per share, with a total value of $19,527.00.

Blue Bird Trading Up 1.5%

BLBD stock traded up $0.94 during trading on Thursday, hitting $65.27. 183,756 shares of the company traded hands, compared to its average volume of 454,917. The firm has a market capitalization of $2.07 billion, a PE ratio of 7.94, a P/E/G ratio of 0.88 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 company has a 50-day moving average of $74.76 and a 200-day moving average of $65.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The business had revenue of $517.16 million for the quarter, compared to analysts’ expectations of $485.73 million. Analysts predict that Blue Bird Corporation will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLBD. Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Freedom Capital raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. BTIG Research upped their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, DA Davidson increased their target price 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 equities research 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 company presently has a consensus rating of “Buy” and a consensus target price of $85.33.

Hedge Funds Weigh In On Blue Bird

Several hedge funds have recently made changes to their positions in BLBD. Kilter Group LLC purchased a new stake in Blue Bird in the second quarter worth $25,000. Rockefeller Capital Management L.P. increased its position in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after purchasing an additional 525 shares during the period. Dunhill Financial LLC bought a new position in Blue Bird in the 2nd quarter worth $39,000. Transamerica Financial Advisors LLC lifted its position in shares of Blue Bird by 222.7% in 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 during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 during the period. 93.59% of the stock is 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.