Rep. Julie Johnson Sells Off Shares of Blue Bird Co. (NASDAQ:BLBD)

Representative Julie Johnson (D-Texas) recently sold shares of Blue Bird Co. (NASDAQ:BLBD). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blue Bird stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Blue Bird Stock Up 1.2%

Shares of Blue Bird stock opened at $40.36 on Friday. The business has a 50-day moving average of $34.99 and a 200-day moving average of $37.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The company has a market capitalization of $1.30 billion, a PE ratio of 12.50, a P/E/G ratio of 0.84 and a beta of 1.43. Blue Bird Co. has a 1-year low of $30.04 and a 1-year high of $59.40.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. The company had revenue of $358.85 million during the quarter, compared to the consensus estimate of $348.23 million. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. As a group, equities analysts forecast that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Bird

A number of large investors have recently bought and sold shares of BLBD. Barclays PLC lifted its holdings in Blue Bird by 976.5% in the third quarter. Barclays PLC now owns 128,658 shares of the company’s stock worth $6,171,000 after acquiring an additional 116,707 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Blue Bird by 13.0% in the third quarter. Franklin Resources Inc. now owns 60,329 shares of the company’s stock worth $2,712,000 after acquiring an additional 6,940 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Blue Bird by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 263,400 shares of the company’s stock worth $10,175,000 after acquiring an additional 16,900 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Blue Bird by 29.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 34,050 shares of the company’s stock worth $1,315,000 after acquiring an additional 7,772 shares during the last quarter. Finally, Perpetual Ltd bought a new position in Blue Bird in the fourth quarter worth about $262,000. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. DA Davidson lowered their target price 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. Needham & Company LLC reduced their price target on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays reduced their price target on shares of Blue Bird from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.79.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About Blue Bird

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.