Blue Bird (NASDAQ:BLBD) COO Jeffrey Scott Sanfrey Sells 5,192 Shares of Stock

Key Points

• COO Jeffrey Scott Sanfrey sold 5,192 shares on March 4 at an average price of $58.54 for about $303,940, reducing his stake by 11.75% to 39,011 shares valued at roughly $2.28 million, per an SEC filing.
• Blue Bird beat Q4 estimates, reporting $1.00 EPS vs. $0.80 expected and $333.08 million in revenue (up 6.1% YoY); the company posted a 57.6% ROE and 8.65% net margin, and analysts project $3.86 EPS for the fiscal year.
• Shares traded down about 1.3% to $57.47 with a market cap of $1.82 billion and a P/E of 14.51; the consensus analyst rating is Buy with a $67.20 target and institutional investors hold 93.59% of the stock.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) COO Jeffrey Scott Sanfrey sold 5,192 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $58.54, for a total transaction of $303,939.68. Following the transaction, the chief operating officer owned 39,011 shares in the company, valued at approximately $2,283,703.94. This represents a 11.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Blue Bird Stock Down 1.3%

Shares of NASDAQ:BLBD traded down $0.75 during midday trading on Thursday, hitting $57.47. 51,993 shares of the stock were exchanged, compared to its average volume of 472,086. The company has a market capitalization of $1.82 billion, a PE ratio of 14.51, a P/E/G ratio of 2.30 and a beta of 1.40. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $62.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81. The business's fifty day simple moving average is $53.00 and its two-hundred day simple moving average is $53.90.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. The company had revenue of $333.08 million during the quarter, compared to the consensus estimate of $325.74 million. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, research analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Blue Bird from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Wall Street Zen downgraded Blue Bird from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. DA Davidson increased their price objective on Blue Bird from $70.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. Needham & Company LLC boosted their target price on Blue Bird from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Finally, BTIG Research reaffirmed a "buy" rating and set a $65.00 target price on shares of Blue Bird in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $67.20.

Institutional Investors Weigh In On Blue Bird

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in Blue Bird in the 3rd quarter valued at $38,000. Transamerica Financial Advisors LLC raised its position in shares of Blue Bird by 222.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company's stock valued at $39,000 after buying an additional 568 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock valued at $41,000 after buying an additional 702 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Blue Bird during the fourth quarter worth about $41,000. Finally, Nisa Investment Advisors LLC increased its stake in Blue Bird by 159.9% during the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company's stock valued at $43,000 after acquiring an additional 611 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.

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.

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