Brookwood Investment Group LLC Makes New Investment in Blue Bird Corporation (NASDAQ:BLBD)

Key Points

• Brookwood Investment Group LLC purchased 13,108 shares of Blue Bird Corporation, valued at approximately $424,000, during the first quarter.
• Blue Bird reported an earnings per share of $0.96 for the last quarter, beating analysts' expectations, with a year-over-year revenue increase of 3.7%.
• Analysts' ratings for Blue Bird show a mix of opinions, with three hold ratings and six buy ratings, and a consensus price target of $56.79.

Brookwood Investment Group LLC purchased a new position in Blue Bird Corporation (NASDAQ:BLBD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,108 shares of the company's stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLBD. CWM LLC increased its holdings in shares of Blue Bird by 9.3% in the 1st quarter. CWM LLC now owns 3,771 shares of the company's stock worth $122,000 after acquiring an additional 322 shares during the period. Freedom Investment Management Inc. grew its stake in shares of Blue Bird by 4.9% in the fourth quarter. Freedom Investment Management Inc. now owns 8,461 shares of the company's stock worth $327,000 after purchasing an additional 392 shares in the last quarter. Quarry LP grew its stake in shares of Blue Bird by 55.0% in 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. Dunhill Financial LLC grew its stake in shares of Blue Bird by 100.0% in 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Blue Bird by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,274 shares of the company's stock worth $706,000 after purchasing an additional 654 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

BLBD has been the subject of several research reports. Barclays decreased their target price on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen cut Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. DA Davidson decreased their target price on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $49.00 target price on shares of Blue Bird in a research note on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.79.

Blue Bird Trading Down 1.0%

NASDAQ:BLBD traded down $0.45 on Tuesday, reaching $45.68. The company's stock had a trading volume of 69,656 shares, compared to its average volume of 530,345. Blue Bird Corporation has a 1-year low of $30.04 and a 1-year high of $55.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.45. The firm has a market cap of $1.44 billion, a PE ratio of 14.14, a PEG ratio of 1.15 and a beta of 1.41. The business's 50-day moving average price is $42.28 and its two-hundred day moving average price is $38.17.

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

Insider Buying and Selling

In other Blue Bird news, Director Phil Horlock sold 13,289 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $41.70, for a total value of $554,151.30. Following the sale, the director owned 270,766 shares of the company's stock, valued at approximately $11,290,942.20. This trade represents a 4.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer directly owned 58,203 shares in the company, valued at approximately $2,630,193.57. This trade represents a 14.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,149 shares of company stock worth $1,369,666. 1.10% of the stock is owned by corporate insiders.

Blue Bird 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.