Blue Bird (NASDAQ:BLBD) PT Raised to $43.00 at Roth Mkm

Blue Bird (NASDAQ:BLBD) had its price target raised by analysts at Roth Mkm from $40.00 to $43.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 0.51% from the stock’s current price.

BLBD has been the subject of several other reports. Barclays raised their price objective on shares of Blue Bird from $25.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Needham & Company LLC lifted their price target on shares of Blue Bird from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $37.25.

Blue Bird Price Performance

NASDAQ:BLBD opened at $42.78 on Thursday. Blue Bird has a one year low of $17.59 and a one year high of $42.78. The stock has a market cap of $1.38 billion, a PE ratio of 19.76, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 1.30. The stock has a 50 day moving average price of $35.13 and a 200 day moving average price of $28.22.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, February 7th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.52. The business had revenue of $317.66 million during the quarter, compared to the consensus estimate of $265.00 million. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. Equities research analysts expect that Blue Bird will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Blue Bird news, President Britton Smith sold 6,228 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $33.49, for a total value of $208,575.72. Following the sale, the president now owns 87,250 shares of the company’s stock, valued at $2,922,002.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of Blue Bird stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.90, for a total value of $133,003,185.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Britton Smith sold 6,228 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $33.49, for a total transaction of $208,575.72. Following the sale, the president now owns 87,250 shares in the company, valued at $2,922,002.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,115,159 shares of company stock valued at $135,385,519. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Blue Bird

Large investors have recently modified their holdings of the stock. CWM LLC grew its stake in Blue Bird by 220.1% during the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock worth $35,000 after purchasing an additional 887 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Blue Bird in the fourth quarter valued at $66,000. Victory Capital Management Inc. purchased a new position in shares of Blue Bird during the fourth quarter worth about $89,000. Tucker Asset Management LLC increased its position in shares of Blue Bird by 568.8% during the third quarter. Tucker Asset Management LLC now owns 3,792 shares of the company’s stock worth $81,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Blue Bird in the 1st quarter valued at about $259,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.