Blue Bird (NASDAQ:BLBD) Stock Price Down 6.4% – Should You Sell?

Blue Bird Corporation (NASDAQ:BLBD) was down 6.4% during trading on Tuesday . The stock traded as low as $49.23 and last traded at $51.37. Approximately 183,457 shares changed hands during trading, a decline of 65% from the average daily volume of 531,434 shares. The stock had previously closed at $54.86.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. DA Davidson set a $76.00 price target on Blue Bird in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Blue Bird in a report on Tuesday. Bank of America lifted their target price on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group reissued a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.60.

Blue Bird Stock Performance

The stock has a market capitalization of $1.67 billion, a PE ratio of 13.59, a PEG ratio of 1.42 and a beta of 1.62. The company has a quick ratio of 0.92, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $54.17 and a 200-day moving average price of $49.56.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.97 by $0.35. The company had revenue of $409.37 million for the quarter, compared to analyst estimates of $380.37 million. Blue Bird had a net margin of 8.63% and a return on equity of 62.87%. The firm’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. Blue Bird has set its FY 2026 guidance at EPS. Research analysts expect that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Insider Activity at Blue Bird

In related news, CFO Razvan Radulescu sold 6,709 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $57.41, for a total value of $385,163.69. Following the transaction, the chief financial officer directly owned 40,794 shares of the company’s stock, valued at approximately $2,341,983.54. This trade represents a 14.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Blue Bird

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after purchasing an additional 601,690 shares in the last quarter. Danske Bank A S acquired a new stake in Blue Bird during the 3rd quarter worth $822,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $41,000 after buying an additional 702 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Blue Bird in the third quarter valued at about $1,757,000. Finally, Triumph Capital Management purchased a new position in shares of Blue Bird in the third quarter worth about $460,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Company Profile

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.