Insider Selling: Blue Bird (NASDAQ:BLBD) Director Sells 21,129 Shares of Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Phil Horlock sold 21,129 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $58.16, for a total value of $1,228,862.64. Following the completion of the sale, the director directly owned 240,766 shares of the company’s stock, valued at approximately $14,002,950.56. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Phil Horlock also recently made the following trade(s):

• On Friday, August 15th, Phil Horlock sold 21,129 shares of Blue Bird stock. The shares were sold at an average price of $57.18, for a total transaction of $1,208,156.22.
• On Wednesday, August 13th, Phil Horlock sold 15,848 shares of Blue Bird stock. The shares were sold at an average price of $56.06, for a total transaction of $888,438.88.
• On Friday, August 8th, Phil Horlock sold 30,000 shares of Blue Bird stock. The stock was sold at an average price of $60.00, for a total transaction of $1,800,000.00.
• On Tuesday, June 10th, Phil Horlock sold 8,860 shares of Blue Bird stock. The stock was sold at an average price of $41.04, for a total transaction of $363,614.40.
• On Wednesday, June 11th, Phil Horlock sold 13,289 shares of Blue Bird stock. The shares were sold at an average price of $41.70, for a total transaction of $554,151.30.

Blue Bird Trading Down 3.2%

Shares of NASDAQ:BLBD opened at $55.22 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1.75 billion, a PE ratio of 15.78, a P/E/G ratio of 1.67 and a beta of 1.50. Blue Bird Corporation has a 1 year low of $30.04 and a 1 year high of $60.45. The firm has a fifty day moving average price of $46.21 and a 200 day moving average price of $39.55.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $377.64 million. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Analysts expect that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Blue Bird in the second quarter worth $29,000. Dunhill Financial LLC raised its stake in Blue Bird by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock valued at $39,000 after purchasing an additional 500 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 611 shares during the period. US Bancorp DE boosted its holdings in Blue Bird by 440.1% in the 1st quarter. US Bancorp DE now owns 1,442 shares of the company’s stock valued at $47,000 after purchasing an additional 1,175 shares during the period. Finally, Quarry LP grew its position in Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company’s stock worth $49,000 after purchasing an additional 448 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Barclays dropped 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. Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Needham & Company LLC lifted their target price on shares of Blue Bird from $49.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Blue Bird has an average rating of “Moderate Buy” and a consensus price target of $57.36.

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.