Blue Bird Corporation (NASDAQ:BLBD) CFO Sells $532,100.00 in Stock

Key Points

• Razvan Radulescu, the CFO of Blue Bird Corporation, sold 10,000 shares at an average price of $53.21, totaling $532,100, which decreased his position to 48,203 shares.
• Blue Bird reported $1.19 EPS in its latest quarterly earnings, exceeding analysts' estimates of $0.90, with a year-over-year revenue increase of 19.4%.
• Analyst ratings for Blue Bird Corporation indicate a mix of outlooks, with a current average rating of "Moderate Buy" and an average target price of $57.36.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) CFO Razvan Radulescu sold 10,000 shares of Blue Bird stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $53.21, for a total transaction of $532,100.00. Following the completion of the transaction, the chief financial officer directly owned 48,203 shares of the company's stock, valued at approximately $2,564,881.63. This trade represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Razvan Radulescu also recently made the following trade(s):

• On Tuesday, July 8th, Razvan Radulescu sold 10,000 shares of Blue Bird stock. The shares were sold at an average price of $45.19, for a total transaction of $451,900.00.

Blue Bird Price Performance

Shares of NASDAQ:BLBD traded up $3.03 during midday trading on Friday, hitting $55.34. The stock had a trading volume of 3,070,362 shares, compared to its average volume of 673,546. The company's 50-day moving average price is $43.56 and its 200-day moving average price is $38.50. The company has a market capitalization of $1.75 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.50. 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 Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $60.45.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BLBD shares. Barclays cut their price objective 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. Needham & Company LLC boosted their price objective on shares of Blue Bird from $49.00 to $53.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson cut their price objective on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen raised shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $57.36.

Hedge Funds Weigh In On Blue Bird

Hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Blue Bird in the 2nd quarter valued at approximately $29,000. Dunhill Financial LLC increased its position in Blue Bird by 100.0% during 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 increased its position in Blue Bird by 159.9% during 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 increased its position in Blue Bird by 440.1% during 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 increased its position in Blue Bird by 55.0% during 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. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Company Profile

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.