Neumeier Poma Investment Counsel LLC Takes $51.13 Billion Position in Blue Bird Corporation $BLBD

Key Points

• Neumeier Poma Investment Counsel acquired 647,540 Blue Bird shares, worth approximately $51.1 million—not $51.13 billion as stated in the headline—giving it a 2.04% stake and making BLBD its seventh-largest holding.
• Blue Bird reported quarterly EPS of $1.28 and revenue of $517.16 million, exceeding analyst estimates of $1.25 EPS and $485.73 million in revenue. Institutional investors own 93.59% of the stock.
• Wall Street remains bullish: Blue Bird has a consensus “Buy” rating and an average price target of $85.33, versus a recent share price of $61.89.

Neumeier Poma Investment Counsel LLC acquired a new position in shares of Blue Bird Corporation (NASDAQ:BLBD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 647,540 shares of the company's stock, valued at approximately $51,129,758,000. Blue Bird comprises 3.5% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 7th largest holding. Neumeier Poma Investment Counsel LLC owned 2.04% of Blue Bird at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Kilter Group LLC bought a new position in Blue Bird during the second quarter worth about $25,000. Rockefeller Capital Management L.P. raised its stake in Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company's stock valued at $36,000 after buying an additional 525 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Blue Bird in the second quarter valued at approximately $39,000. Transamerica Financial Advisors LLC lifted its position in shares of Blue Bird by 222.7% in 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. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock worth $41,000 after acquiring an additional 702 shares during the period. 93.59% of the stock is owned by institutional investors.

Blue Bird Stock Performance

Shares of NASDAQ BLBD opened at $61.89 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 0.80 and a beta of 1.36. The stock's fifty day moving average price is $73.68 and its two-hundred day moving average price is $66.03. Blue Bird Corporation has a one year low of $46.14 and a one year high of $83.39.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. The company had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. On average, equities analysts forecast that Blue Bird Corporation will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BLBD. DA Davidson boosted their target price on Blue Bird from $86.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Barclays raised their price target on Blue Bird from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Roth Capital set a $93.00 price objective on shares of Blue Bird in a research report on Monday, August 10th. Needham & Company LLC reiterated a "buy" rating and issued a $86.00 price objective on shares of Blue Bird in a report on Thursday, August 6th. Finally, BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 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 given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Blue Bird has an average rating of "Buy" and a consensus 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.

Want to see what other hedge funds are holding BLBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Bird Corporation (NASDAQ:BLBD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source