Geode Capital Management LLC Sells 15,097 Shares of Blue Bird Corporation $BLBD

Geode Capital Management LLC cut its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,704 shares of the company’s stock after selling 15,097 shares during the quarter. Geode Capital Management LLC’s holdings in Blue Bird were worth $33,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jupiter Asset Management Ltd. lifted its stake in shares of Blue Bird by 355.7% in the second quarter. Jupiter Asset Management Ltd. now owns 49,533 shares of the company’s stock worth $2,138,000 after acquiring an additional 38,664 shares during the period. PFG Advisors raised its holdings in Blue Bird by 2.6% during the 2nd quarter. PFG Advisors now owns 9,789 shares of the company’s stock worth $422,000 after purchasing an additional 246 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Blue Bird by 4.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 49,377 shares of the company’s stock worth $2,131,000 after purchasing an additional 2,175 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Blue Bird in the 2nd quarter worth approximately $582,000. Finally, Redmond Asset Management LLC boosted its stake in shares of Blue Bird by 1.0% in the 2nd quarter. Redmond Asset Management LLC now owns 34,350 shares of the company’s stock valued at $1,483,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Trading Up 1.7%

BLBD opened at $52.74 on Friday. Blue Bird Corporation has a 1-year low of $30.04 and a 1-year high of $61.95. The company has a current ratio of 1.74, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.67 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.62. The company has a fifty day moving average price of $54.02 and a two-hundred day moving average price of $49.58.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Monday, November 24th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.35. The company had revenue of $409.37 million for the quarter, compared to analysts’ expectations of $380.37 million. Blue Bird had a net margin of 8.63% and a return on equity of 62.87%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Blue Bird has set its FY 2026 guidance at EPS. Analysts predict that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Insider Transactions at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 6,709 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $57.41, for a total value of $385,163.69. Following the completion of the sale, the chief financial officer owned 40,794 shares of the company’s stock, valued at approximately $2,341,983.54. This trade represents a 14.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BLBD has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. BTIG Research reissued a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Blue Bird in a research note on Tuesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

Blue Bird 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.