Insider Buying: Blue Bird (NASDAQ:BLBD) Director Purchases $22,529.50 in Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau bought 350 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $64.37 per share, with a total value of $22,529.50. Following the completion of the purchase, the director 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 19th, Daniel Mark Thau acquired 300 shares of Blue Bird stock. The stock was purchased at an average price of $65.09 per share, for a total transaction of $19,527.00.

Blue Bird Stock Up 0.2%

NASDAQ BLBD opened at $64.81 on Friday. The stock has a fifty day moving average of $74.52 and a 200-day moving average of $65.50. The stock has a market capitalization of $2.05 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. Blue Bird Corporation has a 52 week low of $46.14 and a 52 week high of $83.39. 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 released its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share 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 company had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. On average, equities research analysts forecast that Blue Bird Corporation will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

BLBD has been the topic of a number of research reports. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Barclays lifted their price target on shares of Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.33.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLBD. GAMMA Investing LLC lifted its stake in Blue Bird by 85.5% in the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock valued at $50,000 after buying an additional 290 shares during the period. Kilter Group LLC acquired a new position in shares of Blue Bird during the 2nd quarter worth about $25,000. Quantinno Capital Management LP grew its position in shares of Blue Bird by 7.0% during the 1st quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock worth $281,000 after buying an additional 324 shares during the period. ProShare Advisors LLC grew its position in shares of Blue Bird by 6.9% during 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 during the period. Finally, Brooklyn Investment Group increased its stake in shares of Blue Bird by 8.7% in the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

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.