Blue Bird (NASDAQ:BLBD) Director Phil Horlock Sells 15,848 Shares

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 the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $56.06, for a total transaction of $888,438.88. Following the sale, the director directly owned 240,766 shares of the company's stock, valued at approximately $13,497,341.96. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 18th, Phil Horlock sold 21,129 shares of Blue Bird stock. The stock was sold at an average price of $58.16, for a total transaction of $1,228,862.64.
• On Friday, August 15th, Phil Horlock sold 21,129 shares of Blue Bird stock. The shares were sold at an average price of $57.18, for a total transaction of $1,208,156.22.
• On Friday, August 8th, Phil Horlock sold 30,000 shares of Blue Bird stock. The stock was 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 stock was 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 transaction of $554,151.30.

Blue Bird Stock Performance

Shares of BLBD traded down $1.8330 during trading hours on Wednesday, reaching $55.2070. 203,475 shares of the company's stock traded hands, compared to its average volume of 565,891. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.71 and a beta of 1.50. 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 Corporation has a twelve month low of $30.04 and a twelve month high of $60.45. The business's fifty day simple moving average is $45.92 and its two-hundred day simple moving average is $39.44.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.29. The company had revenue of $398.01 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.91 earnings per share. Analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on BLBD shares. Needham & Company LLC upped their price objective on Blue Bird from $49.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Zacks Research upgraded Blue Bird from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Barclays reduced their target price on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Blue Bird presently has an average rating of "Moderate Buy" and an average price target of $57.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Blue Bird by 1,879.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 196,739 shares of the company's stock valued at $6,479,000 after purchasing an additional 186,799 shares in the last quarter. Brookwood Investment Group LLC bought a new stake in shares of Blue Bird during the 1st quarter worth $424,000. Perpetual Ltd boosted its holdings in shares of Blue Bird by 96.0% during the 1st quarter. Perpetual Ltd now owns 13,303 shares of the company's stock worth $431,000 after buying an additional 6,517 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Blue Bird by 36.9% during the 1st quarter. Tectonic Advisors LLC now owns 26,357 shares of the company's stock worth $853,000 after buying an additional 7,110 shares during the period. Finally, Insight Wealth Strategies LLC boosted its holdings in shares of Blue Bird by 36.5% during the 1st quarter. Insight Wealth Strategies LLC now owns 81,379 shares of the company's stock worth $2,634,000 after buying an additional 21,769 shares during the period. 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.