Blue Bird Co. CFO Sells Shares Worth $108,565.76

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu has sold 2,848 shares of the company's stock in a transaction that was executed on February 10th. The shares were sold for an average price of $38.12, resulting in a total sale value of $108,565.76. After this sale, Radulescu now holds 88,664 shares of Blue Bird, which are worth approximately $3,379,871.68. This recent transaction marks a 3.11% reduction in his stake in the company. The details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed through their official website.

Recent Trades by CFO Razvan Radulescu

In addition to the recent sale, Radulescu completed another significant transaction on December 17th, where he sold 19,171 shares of Blue Bird stock at an average price of $42.89. This sale amounted to a total value of $822,244.19.

Current Stock Performance

On the trading day following the sale, shares of Blue Bird Co. fell by 3.8%, dropping to $36.86. During this trading session, 744,158 shares changed hands, compared to the company's average volume of 789,498. Blue Bird's shares have a 52-week low of $29.78 and a 52-week high of $59.40. The company's financial metrics include a debt-to-equity ratio of 0.49, a quick ratio of 0.83, and a current ratio of 1.44. With a market capitalization of $1.18 billion, the stock has a price-to-earnings (P/E) ratio of 11.41 and a price-to-earnings growth (PEG) ratio of 0.94. The stock's beta is stated at 1.56. Presently, the 50-day simple moving average is $39.86, while the 200-day simple moving average stands at $43.74.

Financial Performance and Analyst Ratings

Blue Bird announced its earnings results on February 5th, reporting earnings per share (EPS) of $0.86, surpassing the analyst consensus estimate of $0.83 by $0.03. The company's return on equity is reported at 75.22%, and its net margin stands at 8.05%. Analysts project that Blue Bird will record an average of 3.77 EPS for the current fiscal year.

Brokerage Recommendations

Recent comments from brokerages regarding Blue Bird stock have varied. Craig Hallum increased their price target on the company's stock from $68.00 to $71.00, assigning a "buy" rating. StockNews.com upgraded Blue Bird from a "hold" to a "buy" rating. However, Bank of America reduced its price target from $66.00 to $63.50, maintaining a "buy" rating. Additionally, Needham & Company LLC lowered its price target from $66.00 to $49.00 while also rating the stock as a "buy." Currently, two analysts have suggested a hold rating, while seven have recommended a buy, leading to an overall average rating of "Moderate Buy" with a target price of $58.21 according to MarketBeat.

Institutional Investor Activity

Several hedge funds have either increased or decreased their holdings in Blue Bird recently. FMR LLC has notably boosted its stake by 268.0% in the third quarter, now owning 1,841,745 shares valued at approximately $88,330,000 after acquiring an additional 1,341,259 shares. The Castellan Group and Raymond James Financial have also made significant investments during the fourth quarter. Currently, institutional investors own approximately 93.59% of the stock, indicating strong institutional interest.

About Blue Bird Corporation

Blue Bird Corporation is a prominent manufacturer of school buses and operates mainly in the United States, Canada, and internationally. The company is involved in designing, engineering, and selling various types of buses, including Type C, Type D, and specialty buses, as well as offering alternative power solutions with its propane, gasoline, natural gas, and electric-powered school buses.

CFO, Shares, Stock