Phil Horlock Sells 15,848 Shares of Blue Bird Corporation (NASDAQ:BLBD) Stock

Key Points

• Phil Horlock, a director at Blue Bird Corporation, sold 15,848 shares at an average price of $56.06, totaling approximately $888,438.88, resulting in a 6.18% decrease in his ownership.
• Blue Bird recently reported earnings of $1.19 per share for the last quarter, beating estimates by $0.29, with quarterly revenue up 19.4% year-over-year.
• Analysts generally have a positive outlook on Blue Bird, with many issuing "buy" ratings and a consensus price target of $57.36 per share.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 15,848 shares of Blue Bird stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $56.06, for a total value of $888,438.88. Following the transaction, the director owned 240,766 shares in the company, valued at approximately $13,497,341.96. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Phil Horlock also recently made the following trade(s):

• On Friday, August 8th, Phil Horlock sold 30,000 shares of Blue Bird stock. The shares were sold at an average price of $60.00, for a total transaction of $1,800,000.00.
• 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.
• On Wednesday, June 11th, Phil Horlock sold 13,289 shares of Blue Bird stock. The stock was sold at an average price of $41.70, for a total value of $554,151.30.

Blue Bird Stock Down 0.1%

BLBD stock opened at $56.44 on Friday. The business's fifty day moving average price is $44.93 and its two-hundred day moving average price is $38.99. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.50. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $60.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 0.92.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.29. The firm had revenue of $398.01 million during the quarter, compared to analysts' expectations of $377.64 million. Blue Bird had a return on equity of 61.66% and a net margin of 8.16%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. On average, equities analysts anticipate that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Institutional Trading of Blue Bird

Large investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Blue Bird during the 2nd quarter worth approximately $29,000. Dunhill Financial LLC lifted 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 valued at $39,000 after buying an additional 500 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Blue Bird by 159.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company's stock valued at $43,000 after purchasing an additional 611 shares during the last quarter. US Bancorp DE grew its holdings in Blue Bird by 440.1% during the first quarter. US Bancorp DE now owns 1,442 shares of the company's stock worth $47,000 after buying an additional 1,175 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Blue Bird by 55.0% in 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 last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLBD. Needham & Company LLC lifted their target price on Blue Bird from $49.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. DA Davidson cut their price objective 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, Barclays reduced their target price on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.36.

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.

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