Blue Bird Corp (NASDAQ: BLBD) is 94.88% higher on its value in year-to-date trading and has touched a low of $17.59 and a high of $59.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLBD stock was last observed hovering at around $49.69 in the last trading session, with the day’s gains setting it 2.85%.
Currently trading at $52.54, the stock is 9.26% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 5.74% at the moment leaves the stock 38.71% off its SMA200. BLBD registered 146.20% gain for a year compared to 6-month gain of 55.26%.
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The stock witnessed a 0.81% loss in the last 1 month and extending the period to 3 months gives it a -7.40%, and is 13.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.26% over the week and 5.78% over the month.
Blue Bird Corp (BLBD) has around 1830 employees, a market worth around $1.70B and $1.30B in sales. Current P/E ratio is 17.39 and Fwd P/E is 14.71. Profit margin for the company is 7.65%. Distance from 52-week low is 198.69% and -11.55% from its 52-week high. The company has generated returns on investments over the last 12 months (43.56%).
Blue Bird Corp quarterly earnings per share for the current quarter are estimated at 0.67 with sales reaching $324.96M over the same period.The EPS is expected to grow by 208.68% this year, but quarterly earnings will post 16.60% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.
328.0 institutions hold shares in Blue Bird Corp (BLBD), with institutional investors hold 89.84% of the company’s shares. The shares outstanding are 32.17M, and float is at 31.77M with Short Float at 6.99%. Institutions hold 89.24% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.39 million shares valued at $128.86 million. The investor’s holdings represent 7.4219 of the BLBD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.17 million shares valued at $117.01 million to account for 6.7394 of the shares outstanding. The other top investors are WESTWOOD HOLDINGS GROUP INC which holds 1.31 million shares representing 4.0601 and valued at over $70.49 million, while WELLINGTON MANAGEMENT GROUP LLP holds 3.7221 of the shares totaling 1.2 million with a market value of $64.62 million.
Blue Bird Corp (BLBD) Insider Activity
The most recent transaction is an insider sale by Horlock Phil, the company’s Chief Executive Officer. SEC filings show that Horlock Phil sold 32,159 shares of the company’s common stock on Aug 26 ’24 at a price of $48.93 per share for a total of $1.57 million. Following the sale, the insider now owns 0.3 million shares.
Blue Bird Corp disclosed in a document filed with the SEC on Aug 23 ’24 that Horlock Phil (Chief Executive Officer) sold a total of 16,080 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $47.34 per share for $0.76 million. Following the transaction, the insider now directly holds 0.33 million shares of the BLBD stock.
Still, SEC filings show that on Aug 23 ’24, Horlock Phil (Officer) Proposed Sale 55,399 shares at an average price of $47.00 for $2.6 million. The insider now directly holds shares of Blue Bird Corp (BLBD).
