Legal & General Group Plc Buys Shares of 26,302 Blue Bird Corporation $BLBD

Legal & General Group Plc purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 26,302 shares of the company’s stock, valued at approximately $2,077,000.

A number of other large investors have also recently added to or reduced their stakes in BLBD. Kilter Group LLC purchased a new position in Blue Bird during the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after purchasing an additional 525 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Blue Bird in the second quarter valued at approximately $39,000. Transamerica Financial Advisors LLC increased its stake in shares of Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLBD has been the topic of a number of analyst reports. DA Davidson increased their target price on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday. Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Roth Capital set a $93.00 price objective on Blue Bird in a research report on Monday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $85.33.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $63.63 on Monday. Blue Bird Corporation has a 52-week low of $46.14 and a 52-week high of $83.39. The firm has a fifty day moving average of $70.77 and a 200-day moving average of $66.35. The stock has a market capitalization of $2.02 billion, a PE ratio of 7.74, a P/E/G ratio of 0.83 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 1.64 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 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The business had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. On average, analysts anticipate that Blue Bird Corporation will post 4.68 EPS for the current year.

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.