Phil Horlock Sells 21,129 Shares of Blue Bird (NASDAQ:BLBD) Stock

Key Points

• Phil Horlock, a director at Blue Bird Corporation, recently sold 21,129 shares of stock for approximately $1.2 million, representing an 8.07% reduction in his ownership.
• Blue Bird's share price has dropped 1.9% to around $57.40, with a market capitalization of $1.82 billion and a 52-week trading range between $30.04 and $60.45.
• Analysts have generally rated Blue Bird positively, with several raising their price targets and ratings, including upgrades to "strong-buy" status from different research firms.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 21,129 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $57.18, for a total transaction of $1,208,156.22. Following the completion of the sale, the director owned 240,766 shares of the company's stock, valued at $13,766,999.88. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, August 13th, Phil Horlock sold 15,848 shares of Blue Bird stock. The stock was sold at an average price of $56.06, for a total transaction of $888,438.88.
• 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 Trading Down 3.2%

BLBD stock traded down $1.82 during trading on Wednesday, hitting $55.22. The company had a trading volume of 668,818 shares, compared to its average volume of 780,011. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.78, a PEG ratio of 1.67 and a beta of 1.50. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $60.45. The company has a 50 day simple moving average of $46.21 and a 200-day simple moving average of $39.55. The company has a quick ratio of 0.92, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.90 by $0.29. The company had revenue of $398.01 million for the quarter, compared to the consensus estimate of $377.64 million. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. The firm's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. As a group, research analysts forecast that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BLBD shares. Barclays cut their target price on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC raised their target price on shares of 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 report on Saturday, August 9th. Finally, Zacks Research raised shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BLBD. University of Texas Texas AM Investment Management Co. acquired a new stake in Blue Bird in the 2nd quarter worth approximately $29,000. Dunhill Financial LLC boosted its stake in Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after purchasing an additional 500 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company's stock worth $43,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE boosted its stake in Blue Bird by 440.1% in the 1st quarter. US Bancorp DE now owns 1,442 shares of the company's stock worth $47,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Quarry LP boosted its stake in Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company's stock worth $49,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other 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.