Neumeier Poma Investment Counsel LLC Has $22.38 Million Stock Holdings in Blue Bird Corporation $BLBD

Neumeier Poma Investment Counsel LLC trimmed its stake in Blue Bird Corporation (NASDAQ:BLBD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 476,190 shares of the company’s stock after selling 7,120 shares during the quarter. Blue Bird comprises about 1.8% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 28th biggest position. Neumeier Poma Investment Counsel LLC owned 1.51% of Blue Bird worth $22,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. State of Wyoming lifted its stake in shares of Blue Bird by 165.2% in the fourth quarter. State of Wyoming now owns 5,053 shares of the company’s stock valued at $237,000 after buying an additional 3,148 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Blue Bird by 197.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock valued at $33,497,000 after buying an additional 472,990 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Blue Bird by 6.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 126,400 shares of the company’s stock valued at $5,941,000 after buying an additional 7,200 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Blue Bird by 4.9% in the fourth quarter. Intech Investment Management LLC now owns 15,765 shares of the company’s stock valued at $741,000 after buying an additional 736 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Blue Bird by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 769,204 shares of the company’s stock valued at $36,159,000 after buying an additional 3,120 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Blue Bird Stock Down 0.7%

BLBD opened at $71.95 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.27. The company’s 50-day moving average is $64.63 and its 200 day moving average is $56.93. Blue Bird Corporation has a fifty-two week low of $38.67 and a fifty-two week high of $81.51. The firm has a market capitalization of $2.28 billion, a P/E ratio of 17.68, a PEG ratio of 1.01 and a beta of 1.37.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The company had revenue of $352.64 million for the quarter, compared to analyst estimates of $335.23 million. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Research analysts expect that Blue Bird Corporation will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Freedom Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Barclays raised their price objective on shares of Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a research note on Monday. Finally, Needham & Company LLC raised their price objective on shares of Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and an average target price of $77.80.

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.