Phil Horlock Sells 13,289 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 13,289 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $41.70, for a total value of $554,151.30. Following the transaction, the director now directly owns 270,766 shares in the company, valued at approximately $11,290,942.20. This represents a 4.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value of $363,614.40.

Blue Bird Price Performance

BLBD traded down $0.47 during trading on Friday, hitting $40.80. The company's stock had a trading volume of 318,039 shares, compared to its average volume of 634,139. The firm's 50 day moving average price is $37.58 and its two-hundred day moving average price is $37.54. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. Blue Bird Co. has a 12 month low of $30.04 and a 12 month high of $57.80. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The firm had revenue of $358.85 million during the quarter, compared to the consensus estimate of $348.23 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLBD. DA Davidson decreased their price objective on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Needham & Company LLC reissued a "buy" rating and set a $49.00 price objective on shares of Blue Bird in a report on Tuesday, May 27th. Finally, Barclays decreased their price target on Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $56.79.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors and hedge funds have recently made changes to their positions in BLBD. FMR LLC raised its position in shares of Blue Bird by 162.8% during the fourth quarter. FMR LLC now owns 4,840,198 shares of the company's stock worth $186,977,000 after acquiring an additional 2,998,453 shares during the last quarter. American Century Companies Inc. increased its holdings in Blue Bird by 1,394.9% in the first quarter. American Century Companies Inc. now owns 1,619,494 shares of the company's stock valued at $52,423,000 after purchasing an additional 1,511,158 shares during the last quarter. First Trust Advisors LP increased its holdings in Blue Bird by 355.3% in the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock valued at $34,126,000 after purchasing an additional 689,394 shares during the last quarter. Millennium Management LLC increased its holdings in Blue Bird by 236.7% in the fourth quarter. Millennium Management LLC now owns 774,175 shares of the company's stock valued at $29,906,000 after purchasing an additional 544,248 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Blue Bird by 24.3% in the first quarter. Westwood Holdings Group Inc. now owns 2,402,214 shares of the company's stock valued at $77,760,000 after purchasing an additional 468,936 shares during the last quarter. Institutional investors own 93.59% of the company's stock.

About Blue Bird

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.