Insider Selling: Blue Bird Corporation (NASDAQ:BLBD) CFO Sells 10,000 Shares of 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 the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $53.21, for a total value of $532,100.00. Following the sale, the chief financial officer owned 48,203 shares of the company's stock, valued at approximately $2,564,881.63. This represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 8th, Razvan Radulescu sold 700 shares of Blue Bird stock. The shares were sold at an average price of $60.02, for a total value of $42,014.00.
• 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 value of $451,900.00.

Blue Bird Price Performance

NASDAQ BLBD traded up $1.80 during trading hours on Tuesday, reaching $56.49. The company's stock had a trading volume of 666,008 shares, compared to its average volume of 561,783. The firm's 50-day moving average price is $44.25 and its 200-day moving average price is $38.74. 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 1 year low of $30.04 and a 1 year high of $60.45. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.80 and a beta of 1.50.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on BLBD. Barclays cut their price target on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded Blue Bird from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Needham & Company LLC boosted their price objective on Blue Bird from $49.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, DA Davidson cut their price objective on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.36.

Hedge Funds Weigh In On Blue Bird

Several large investors have recently modified their holdings of the stock. FMR LLC increased its stake in Blue Bird by 162.8% in the 4th quarter. FMR LLC now owns 4,840,198 shares of the company's stock worth $186,977,000 after buying an additional 2,998,453 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Blue Bird by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,426,912 shares of the company's stock worth $93,752,000 after buying an additional 25,745 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Blue Bird by 24.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,402,214 shares of the company's stock worth $77,760,000 after purchasing an additional 468,936 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Blue Bird by 40.0% during the 2nd quarter. American Century Companies Inc. now owns 2,267,131 shares of the company's stock worth $97,849,000 after purchasing an additional 647,637 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Blue Bird by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 1,358,691 shares of the company's stock worth $43,981,000 after purchasing an additional 23,569 shares during the last quarter. Institutional investors own 93.59% of the company's stock.

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.