Insider Selling: Blue Bird Co. (NASDAQ:BLBD) CFO Sells $235,400.00 in Stock

Blue Bird Co. (NASDAQ:BLBDGet Free Report) CFO Razvan Radulescu sold 5,000 shares of Blue Bird stock in a transaction on Friday, July 5th. The stock was sold at an average price of $47.08, for a total transaction of $235,400.00. Following the sale, the chief financial officer now directly owns 88,926 shares of the company’s stock, valued at $4,186,636.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Blue Bird Stock Performance

Shares of BLBD opened at $48.11 on Thursday. The company’s 50 day simple moving average is $51.32 and its 200-day simple moving average is $38.56. The firm has a market cap of $1.55 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 0.39 and a beta of 1.63. Blue Bird Co. has a 12-month low of $17.59 and a 12-month high of $59.40. The company has a current ratio of 1.23, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

Blue Bird (NASDAQ:BLBDGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.52. The firm had revenue of $345.92 million during the quarter, compared to analysts’ expectations of $315.00 million. Blue Bird had a net margin of 6.36% and a return on equity of 154.10%. As a group, equities analysts predict that Blue Bird Co. will post 2.46 EPS for the current year.

Hedge Funds Weigh In On Blue Bird

Several institutional investors have recently added to or reduced their stakes in BLBD. Covestor Ltd acquired a new stake in Blue Bird during the 1st quarter worth approximately $29,000. CWM LLC grew its position in Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after buying an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Blue Bird in the 4th quarter valued at $66,000. Virtus Investment Advisers Inc. purchased a new position in Blue Bird during the 1st quarter worth $120,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Blue Bird in the 4th quarter worth $89,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Ratings Changes

BLBD has been the subject of a number of recent analyst reports. Barclays lifted their price target on Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. DA Davidson boosted their target price on Blue Bird from $44.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Needham & Company LLC increased their price target on shares of Blue Bird from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Craig Hallum boosted their price objective on shares of Blue Bird from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Roth Mkm upped their target price on shares of Blue Bird from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $49.25.

Check Out Our Latest Stock Analysis on BLBD

Blue Bird Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Blue Bird (NASDAQ:BLBD)

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