Daniel Mark Thau Buys 350 Shares of Blue Bird (NASDAQ:BLBD) Stock

Blue Bird Corporation (NASDAQ:BLBD) Director Daniel Mark Thau bought 350 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $64.37 per share, with a total value of $22,529.50. Following the completion of the purchase, the director owned 9,046 shares of the company’s stock, valued at approximately $582,291.02. The trade was a 4.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Daniel Mark Thau also recently made the following trade(s):

• On Tuesday, May 19th, Daniel Mark Thau bought 300 shares of Blue Bird stock. The shares were acquired at an average price of $65.09 per share, with a total value of $19,527.00.

Blue Bird Trading Up 0.2%

Blue Bird stock opened at $64.81 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39. The firm’s 50 day moving average price is $74.52 and its two-hundred day moving average price is $65.50.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The company had revenue of $517.16 million for the quarter, compared to analysts’ expectations of $485.73 million. On average, research analysts predict that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Blue Bird during the 2nd quarter valued at $207,493,000. Vanguard Group Inc. grew its holdings in shares of Blue Bird by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock valued at $95,931,000 after acquiring an additional 135,562 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Blue Bird in the second quarter worth $94,222,000. Janus Henderson Group PLC increased its stake in shares of Blue Bird by 41.8% in the first quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock worth $62,669,000 after acquiring an additional 324,710 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Blue Bird by 0.8% in the fourth quarter. Wellington Management Group LLP now owns 1,048,028 shares of the company’s stock worth $49,257,000 after acquiring an additional 8,430 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLBD. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 target price on shares of Blue Bird in a research report on Thursday, August 6th. BTIG Research increased their price target on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Barclays lifted their price target on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Zacks Research upgraded Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Blue Bird presently has an average rating of “Buy” and a consensus target price of $85.33.

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.