Blue Bird (NASDAQ:BLBD) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Blue Bird Corporation (NASDAQ:BLBD)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $63.04 and traded as high as $70.54. Blue Bird shares last traded at $70.19, with a volume of 380,304 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Needham & Company LLC boosted their price objective on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BTIG Research boosted their price objective on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research downgraded Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.80.

Blue Bird Trading Down 1.0%

The stock has a 50 day moving average of $63.04 and a 200-day moving average of $56.25. The company has a market capitalization of $2.22 billion, a P/E ratio of 17.25, a P/E/G ratio of 0.99 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $352.64 million during the quarter, compared to the consensus estimate of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, research analysts predict that Blue Bird Corporation will post 4.35 EPS for the current year.

Insiders Place Their Bets

In other Blue Bird news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total value of $303,939.68. Following the completion of the transaction, the chief operating officer directly owned 39,011 shares in the company, valued at $2,283,703.94. This represents a 11.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Blue Bird by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares during the period. NewEdge Advisors LLC boosted its stake 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 during the period. Jones Financial Companies Lllp boosted its stake in Blue Bird by 2,090.5% in the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after purchasing an additional 3,303 shares during the period. New York State Common Retirement Fund boosted its stake in Blue Bird by 12.5% in the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock worth $547,000 after purchasing an additional 1,412 shares during the period. Finally, Marshall Wace LLP bought a new position in Blue Bird in the 2nd quarter worth approximately $3,799,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Company Profile

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.