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

Blue Bird Corporation (NASDAQ:BLBD)’s stock 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 changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC raised their price target on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays raised their price target on Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Zacks Research downgraded Blue Bird from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average price target of $75.80.

Blue Bird Price Performance

The firm has a fifty 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 released its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, topping the consensus estimate 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%.Blue Bird’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. On average, equities research analysts anticipate that Blue Bird Corporation will post 4.35 EPS for the current year.

Insider Activity at Blue Bird

In related news, COO Jeffrey Scott Sanfrey sold 5,192 shares of Blue Bird stock in a transaction 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 sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at $2,283,703.94. The trade was a 11.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Bird

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its stake in shares of Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after purchasing an additional 525 shares during the period. Transamerica Financial Advisors LLC grew its stake in shares of Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after purchasing an additional 568 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after purchasing an additional 702 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Blue Bird during the 4th quarter valued at about $41,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Blue Bird during the 4th quarter valued at about $63,000. 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.