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

Blue Bird Corporation (NASDAQ:BLBD) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $50.97 and traded as high as $58.07. Blue Bird shares last traded at $57.59, with a volume of 425,009 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BTIG Research restated a “buy” rating and set a $65.00 target price on shares of Blue Bird in a research report on Thursday, February 5th. Needham & Company LLC boosted their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Barclays lifted their price objective on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Wall Street Zen lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $67.20.

Blue Bird Stock Up 2.9%

The stock has a fifty day moving average price of $50.97 and a 200-day moving average price of $53.19. The firm has a market cap of $1.82 billion, a PE ratio of 14.54, a PEG ratio of 2.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The firm had revenue of $333.08 million for the quarter, compared to analyst estimates of $325.74 million. During the same quarter last year, the firm posted $0.92 earnings per share. Blue Bird’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts expect that Blue Bird Corporation will post 3.86 EPS for the current year.

Insider Buying and Selling at Blue Bird

In related news, CFO Razvan Radulescu sold 7,984 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $50.39, for a total transaction of $402,313.76. Following the transaction, the chief financial officer directly owned 49,087 shares of the company’s stock, valued at approximately $2,473,493.93. The trade was a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Phil Horlock sold 15,381 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the sale, the director directly owned 225,385 shares of the company’s stock, valued at $11,363,911.70. This trade represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLBD. University of Texas Texas AM Investment Management Co. acquired a new stake in Blue Bird during the 2nd quarter valued at $29,000. Blue Trust Inc. purchased a new position in Blue Bird in the 3rd quarter valued at about $38,000. Transamerica Financial Advisors LLC grew its stake in shares of Blue Bird by 222.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after acquiring an additional 568 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Blue Bird by 10,028.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 702 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Blue Bird by 159.9% during the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after acquiring an additional 611 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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.