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

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau acquired 300 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $65.09 per share, for a total transaction of $19,527.00. Following the completion of the transaction, the director owned 8,696 shares of the company’s stock, valued at approximately $566,022.64. This trade represents a 3.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Blue Bird Trading Down 0.7%

Shares of BLBD stock opened at $64.82 on Friday. Blue Bird Corporation has a 1 year low of $37.68 and a 1 year high of $81.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.27. The stock’s 50 day simple moving average is $61.56 and its two-hundred day simple moving average is $55.62. The company has a market cap of $2.05 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLBD. Needham & Company LLC increased their price target on Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BTIG Research increased their price target on Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research downgraded Blue Bird from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Barclays increased their price target on Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.80.

Institutional Investors Weigh In On Blue Bird

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in 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 during the period. Rockefeller Capital Management L.P. increased its holdings in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares during the period. Transamerica Financial Advisors LLC increased its holdings in 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 during the period. Aster Capital Management DIFC Ltd purchased a new position in Blue Bird during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC increased its holdings in Blue Bird by 1,742.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock worth $75,000 after purchasing an additional 1,237 shares during the period. 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.