Brookwood Investment Group LLC Has $378,000 Stock Position in Blue Bird Corporation $BLBD

Brookwood Investment Group LLC lowered its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 33.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,764 shares of the company’s stock after selling 4,344 shares during the period. Brookwood Investment Group LLC’s holdings in Blue Bird were worth $378,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. CWM LLC raised its holdings in shares of Blue Bird by 9.3% during the 1st quarter. CWM LLC now owns 3,771 shares of the company’s stock worth $122,000 after buying an additional 322 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Blue Bird by 5.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,995 shares of the company’s stock worth $388,000 after buying an additional 457 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Blue Bird by 159.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after buying an additional 611 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Blue Bird in the 2nd quarter worth about $29,000. Finally, NewEdge Advisors LLC increased its holdings in Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after purchasing an additional 681 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Activity at Blue Bird

In other Blue Bird news, SVP Ted Scartz sold 8,877 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $55.22, for a total value of $490,187.94. Following the completion of the sale, the senior vice president directly owned 48,769 shares of the company’s stock, valued at $2,693,024.18. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Phil Horlock sold 13,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $59.02, for a total value of $767,260.00. Following the completion of the sale, the director directly owned 240,766 shares of the company’s stock, valued at $14,210,009.32. This represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 127,392 shares of company stock valued at $7,342,183. 1.10% of the stock is owned by insiders.

Blue Bird Stock Up 1.0%

Shares of NASDAQ:BLBD opened at $53.67 on Wednesday. The business’s 50 day simple moving average is $56.73 and its two-hundred day simple moving average is $47.24. The firm has a market cap of $1.70 billion, a P/E ratio of 15.33, a PEG ratio of 1.46 and a beta of 1.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 1.58. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $61.95.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.29. The business had revenue of $398.01 million for the quarter, compared to analyst estimates of $377.64 million. Blue Bird had a return on equity of 61.66% and a net margin of 8.16%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, research analysts forecast that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLBD. Wall Street Zen raised Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Zacks Research cut Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Needham & Company LLC upped their target price on Blue Bird from $49.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, BTIG Research increased their price target on Blue Bird from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.58.

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.