Phil Horlock Sells 13,289 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD) Director Phil Horlock sold 13,289 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $41.70, for a total transaction of $554,151.30. Following the transaction, the director now owns 270,766 shares in the company, valued at $11,290,942.20. This represents a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Phil Horlock also recently made the following trade(s):

• On Tuesday, June 10th, Phil Horlock sold 8,860 shares of Blue Bird stock. The shares were sold at an average price of $41.04, for a total transaction of $363,614.40.

Blue Bird Trading Up 0.3%

NASDAQ:BLBD opened at $41.27 on Friday. Blue Bird Co. has a one year low of $30.04 and a one year high of $58.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The company’s 50-day simple moving average is $37.39 and its 200 day simple moving average is $37.54. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.78, a PEG ratio of 0.84 and a beta of 1.40.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. The business had revenue of $358.85 million for the quarter, compared to analyst estimates of $348.23 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Blue Bird’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price target on shares of Blue Bird in a research report on Tuesday, May 27th. DA Davidson reduced their price target on shares of Blue Bird from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Wall Street Zen cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, Barclays reduced their price target on shares of Blue Bird from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Bird has an average rating of “Moderate Buy” and a consensus target price of $56.79.

Institutional Investors Weigh In On Blue Bird

Several hedge funds have recently bought and sold shares of the business. Invst LLC bought a new position in shares of Blue Bird in the first quarter worth approximately $438,000. Rhumbline Advisers lifted its stake in shares of Blue Bird by 3.7% in the first quarter. Rhumbline Advisers now owns 45,002 shares of the company’s stock worth $1,457,000 after buying an additional 1,589 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Blue Bird in the first quarter worth approximately $955,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Blue Bird in the first quarter worth approximately $236,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Blue Bird by 2,090.5% in the first quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after buying an additional 3,303 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

About Blue Bird

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.