Blue Bird (NASDAQ:BLBD) Director Daniel Mark Thau Purchases 350 Shares of Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau purchased 350 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $64.37 per share, with a total value of $22,529.50. Following the acquisition, the director owned 9,046 shares in the company, valued at approximately $582,291.02. This represents a 4.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Daniel Mark Thau also recently made the following trade(s):

• On Tuesday, May 19th, Daniel Mark Thau acquired 300 shares of Blue Bird stock. The stock was purchased at an average price of $65.09 per share, with a total value of $19,527.00.

Blue Bird Price Performance

Shares of NASDAQ:BLBD opened at $64.67 on Friday. Blue Bird Corporation has a 1-year low of $46.14 and a 1-year high of $83.39. The firm has a market capitalization of $2.05 billion, a PE ratio of 7.87, a PEG ratio of 0.84 and a beta of 1.36. The business’s 50 day moving average is $74.61 and its 200-day moving average is $65.51. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. Sell-side analysts predict that Blue Bird Corporation will post 4.68 earnings per share for the current year.

Institutional Trading of Blue Bird

Several hedge funds have recently modified their holdings of BLBD. Kilter Group LLC acquired a new position in shares of Blue Bird in the 2nd quarter worth approximately $25,000. Rockefeller Capital Management L.P. grew its position in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after acquiring an additional 525 shares during the last quarter. Dunhill Financial LLC acquired a new stake in Blue Bird during the 2nd quarter valued at $39,000. Transamerica Financial Advisors LLC increased its holdings in Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after purchasing an additional 568 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Blue Bird by 10,028.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLBD shares. BTIG Research lifted their target price on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and set a $86.00 price target on shares of Blue Bird in a research note on Thursday, August 6th. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Barclays lifted their price objective on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, DA Davidson increased their target price on Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $85.33.

About Blue Bird

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.