Blue Bird (NASDAQ:BLBD) Director Daniel Mark Thau Acquires 300 Shares

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau bought 300 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $65.09 per share, for a total transaction of $19,527.00. Following the transaction, the director directly owned 8,696 shares in the company, valued at approximately $566,022.64. This represents a 3.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Blue Bird Stock Up 1.0%

Shares of NASDAQ BLBD traded up $0.66 during midday trading on Wednesday, hitting $65.31. 325,926 shares of the company’s stock were exchanged, compared to its average volume of 441,991. The firm’s fifty day simple moving average is $61.08 and its 200-day simple moving average is $55.41. The company has a market cap of $2.07 billion, a PE ratio of 16.04, a P/E/G ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.27. Blue Bird Corporation has a twelve month low of $37.68 and a twelve month high of $81.51.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $352.64 million for the quarter, compared to the consensus estimate of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Research analysts predict that Blue Bird Corporation will post 4.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Barclays raised their price target on Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research downgraded Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Finally, BTIG Research lifted their target price on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.80.

Institutional Trading of Blue Bird

A number of institutional investors have recently modified their holdings of BLBD. JPMorgan Chase & Co. raised its holdings in Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after purchasing an additional 601,690 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Blue Bird during the third quarter worth $10,932,000. Allspring Global Investments Holdings LLC raised its holdings in Blue Bird by 12.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 409,872 shares of the company’s stock worth $19,166,000 after purchasing an additional 46,801 shares during the last quarter. UBS Group AG raised its holdings in Blue Bird by 161.7% during the fourth quarter. UBS Group AG now owns 277,796 shares of the company’s stock worth $13,056,000 after purchasing an additional 171,642 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Blue Bird by 285.4% during the fourth quarter. SG Americas Securities LLC now owns 101,855 shares of the company’s stock worth $4,787,000 after purchasing an additional 75,428 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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.