Tectonic Advisors LLC Has $853,000 Stake in Blue Bird Corporation (NASDAQ:BLBD)

Tectonic Advisors LLC boosted its position in Blue Bird Corporation (NASDAQ:BLBD - Free Report) by 36.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,357 shares of the company's stock after purchasing an additional 7,110 shares during the quarter. Tectonic Advisors LLC owned approximately 0.08% of Blue Bird worth $853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dunhill Financial LLC lifted its stake in shares of Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after purchasing an additional 500 shares during the period. Quarry LP boosted its stake in shares of Blue Bird by 55.0% during the fourth quarter. Quarry LP now owns 1,262 shares of the company's stock valued at $49,000 after purchasing an additional 448 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Blue Bird by 44.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after purchasing an additional 674 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Blue Bird in the fourth quarter valued at about $87,000. Finally, GAMMA Investing LLC boosted its position in shares of Blue Bird by 5,165.3% in the 1st quarter. GAMMA Investing LLC now owns 3,949 shares of the company's stock worth $122,000 after purchasing an additional 3,874 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Blue Bird Trading Up 0.8%

Shares of Blue Bird stock traded up $0.33 during trading hours on Thursday, hitting $43.15. The company's stock had a trading volume of 233,680 shares, compared to its average volume of 612,514. The business has a fifty day moving average of $41.53 and a 200 day moving average of $37.96. The company has a market capitalization of $1.36 billion, a PE ratio of 13.36, a P/E/G ratio of 1.07 and a beta of 1.41. Blue Bird Corporation has a 1-year low of $30.04 and a 1-year high of $55.60. The company has a quick ratio of 0.73, a current ratio of 1.45 and a debt-to-equity ratio of 0.46.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly 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 net margin of 7.97% and a return on equity of 64.83%. The business had revenue of $358.85 million during the quarter, compared to analyst estimates of $348.23 million. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. As a group, equities analysts forecast that Blue Bird Corporation will post 3.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BLBD shares. Barclays reduced their price target on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. DA Davidson dropped 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $49.00 target price on shares of Blue Bird in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Blue Bird currently has an average rating of "Moderate Buy" and a consensus price target of $56.79.

Insiders Place Their Bets

In related news, Director Phil Horlock sold 13,289 shares of Blue Bird stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $41.70, for a total value of $554,151.30. Following the completion of the transaction, the director directly owned 270,766 shares in the company, valued at approximately $11,290,942.20. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Razvan Radulescu sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $45.19, for a total value of $451,900.00. Following the completion of 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. Insiders have sold a total of 32,149 shares of company stock worth $1,369,666 over the last quarter. 1.10% of the stock is currently owned by insiders.

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.