Blue Bird Corporation (NASDAQ:BLBD) CFO Razvan Radulescu Sells 10,000 Shares

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) CFO Razvan Radulescu sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $45.19, for a total value of $451,900.00. Following the transaction, the chief financial officer owned 58,203 shares in the company, valued at approximately $2,630,193.57. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Blue Bird Price Performance

BLBD stock traded down $0.11 during mid-day trading on Wednesday, reaching $45.09. 365,352 shares of the company traded hands, compared to its average volume of 617,358. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.45 and a quick ratio of 0.73. The company has a market capitalization of $1.42 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.13 and a beta of 1.41. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $55.60. The company has a fifty day moving average price of $40.70 and a 200-day moving average price of $37.75.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Blue Bird had a return on equity of 64.83% and a net margin of 7.97%. The business had revenue of $358.85 million during the quarter, compared to analyst estimates of $348.23 million. During the same quarter in the previous year, the firm earned $0.89 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BLBD shares. DA Davidson decreased their price objective on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a report on Monday, April 21st. Barclays decreased their price objective on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $49.00 price objective on shares of Blue Bird in a report on Tuesday, May 27th. Finally, Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $56.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dunhill Financial LLC grew its holdings in shares of Blue Bird by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after purchasing an additional 500 shares in the last quarter. Quarry LP grew its holdings in shares of Blue Bird by 55.0% during the fourth quarter. Quarry LP now owns 1,262 shares of the company's stock worth $49,000 after purchasing an additional 448 shares in the last quarter. US Bancorp DE grew its holdings in shares of Blue Bird by 440.1% during the first quarter. US Bancorp DE now owns 1,442 shares of the company's stock worth $47,000 after purchasing an additional 1,175 shares in the last quarter. NewEdge Advisors LLC lifted its position in Blue Bird by 44.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock worth $85,000 after buying an additional 674 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Blue Bird in the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Blue Bird Company Profile

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.