Blue Bird Co. (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 13,289 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $41.70, for a total transaction of $554,151.30. Following the completion of the sale, the director now owns 270,766 shares in the company, valued at $11,290,942.20. This represents a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Phil Horlock also recently made the following trade(s):
- On Tuesday, June 10th, Phil Horlock sold 8,860 shares of Blue Bird stock. The shares were sold at an average price of $41.04, for a total transaction of $363,614.40.
Blue Bird Stock Performance
Shares of Blue Bird stock traded down $0.42 on Wednesday, reaching $41.15. 347,331 shares of the company traded hands, compared to its average volume of 634,651. Blue Bird Co. has a 52 week low of $30.04 and a 52 week high of $59.40. The company has a 50 day moving average of $37.21 and a 200 day moving average of $37.55. The firm has a market capitalization of $1.30 billion, a PE ratio of 12.74, a PEG ratio of 0.84 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $358.85 million during the quarter, compared to the consensus estimate of $348.23 million. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Blue Bird's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. Equities analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Invst LLC bought a new position in Blue Bird in the 1st quarter worth approximately $438,000. Rhumbline Advisers boosted its holdings in Blue Bird by 3.7% in the 1st quarter. Rhumbline Advisers now owns 45,002 shares of the company's stock valued at $1,457,000 after purchasing an additional 1,589 shares during the period. Belpointe Asset Management LLC bought a new position in Blue Bird in the 1st quarter valued at $955,000. Ashton Thomas Private Wealth LLC bought a new position in Blue Bird in the 1st quarter valued at $236,000. Finally, Jones Financial Companies Lllp boosted its holdings in Blue Bird by 2,090.5% in the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company's stock valued at $112,000 after purchasing an additional 3,303 shares during the period. 93.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BLBD has been the subject of several analyst reports. Barclays decreased their price objective on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $49.00 price objective on shares of Blue Bird in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, DA Davidson decreased their price objective on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.79.
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About Blue Bird
(
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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.
Further Reading
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