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

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau bought 350 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $64.37 per share, for a total transaction of $22,529.50. Following the completion of the acquisition, the director owned 9,046 shares in the company, valued at $582,291.02. This represents a 4.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

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

Blue Bird Stock Up 1.5%

Shares of Blue Bird stock traded up $0.94 on Thursday, hitting $65.27. The company had a trading volume of 183,756 shares, compared to its average volume of 454,917. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year 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. The stock has a 50 day moving average of $74.76 and a 200-day moving average of $65.40. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 0.88 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The business had revenue of $517.16 million for the quarter, compared to analysts’ expectations of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. As a group, sell-side analysts forecast that Blue Bird Corporation will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Blue Bird in the second quarter worth approximately $207,493,000. Neumeier Poma Investment Counsel LLC purchased a new position in shares of Blue Bird during the second quarter worth approximately $51,129,758,000. Goldman Sachs Group Inc. raised its stake in shares of Blue Bird by 197.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock worth $33,497,000 after acquiring an additional 472,990 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Blue Bird by 383.1% in the 3rd quarter. Marshall Wace LLP now owns 425,214 shares of the company’s stock worth $24,471,000 after acquiring an additional 337,196 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Blue Bird by 41.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock valued at $62,669,000 after purchasing an additional 324,710 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, DA Davidson boosted their price target on shares of Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Blue Bird currently has an average rating of “Buy” and an average target price of $85.33.

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.