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

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

Blue Bird Stock Performance

Blue Bird stock opened at $65.30 on Thursday. The stock’s 50 day moving average price is $61.33 and its 200 day moving average price is $55.52. The firm has a market capitalization of $2.07 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.83. Blue Bird Corporation has a one year low of $37.68 and a one year high of $81.51.

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

Institutional Trading of Blue Bird

Several hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its holdings in Blue Bird by 7.0% in the 1st quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock valued at $281,000 after acquiring an additional 324 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Blue Bird by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock worth $272,000 after buying an additional 372 shares in the last quarter. Brooklyn Investment Group increased its holdings in Blue Bird by 8.7% during the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after purchasing an additional 417 shares in the last quarter. R Squared Ltd increased its holdings in Blue Bird by 11.0% during the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock valued at $210,000 after purchasing an additional 443 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Blue Bird by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 67,007 shares of the company’s stock valued at $3,856,000 after purchasing an additional 453 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

BLBD has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research lowered Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Freedom Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. BTIG Research upped their price objective on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.80.

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.