Neumeier Poma Investment Counsel LLC Purchases 35,880 Shares of Blue Bird Corporation $BLBD

Neumeier Poma Investment Counsel LLC increased its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 483,310 shares of the company’s stock after acquiring an additional 35,880 shares during the period. Blue Bird comprises 2.3% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 23rd biggest position. Neumeier Poma Investment Counsel LLC’s holdings in Blue Bird were worth $27,814,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. bought a new stake in shares of Blue Bird during the third quarter worth $38,000. Nisa Investment Advisors LLC increased its stake in Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after buying an additional 611 shares during the period. NewEdge Advisors LLC increased its stake in Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after buying an additional 681 shares during the period. LSV Asset Management bought a new stake in Blue Bird during the 3rd quarter valued at about $98,000. Finally, Jones Financial Companies Lllp boosted its position in Blue Bird by 184.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,903 shares of the company’s stock valued at $110,000 after buying an additional 1,233 shares during the period. Institutional investors own 93.59% of the company’s stock.

Insider Activity at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction of $239,346.50. Following the sale, the chief financial officer owned 42,255 shares of the company’s stock, valued at approximately $2,576,709.90. The trade was a 8.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Phil Horlock sold 15,381 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the transaction, the director directly owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. This represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,290 shares of company stock worth $1,417,170. 1.10% of the stock is owned by insiders.

Blue Bird Stock Performance

Shares of BLBD opened at $62.33 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.97 billion, a PE ratio of 15.74, a P/E/G ratio of 2.48 and a beta of 1.45. Blue Bird Corporation has a 12 month low of $30.04 and a 12 month high of $62.90. The stock has a fifty day moving average price of $52.37 and a 200-day moving average price of $53.83.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.20. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The business had revenue of $333.08 million during the quarter, compared to the consensus estimate of $325.74 million. During the same quarter last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on BLBD shares. Barclays boosted their price target on Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. UBS Group restated a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Bank of America upped their price objective on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, BTIG Research reiterated a “buy” rating and set a $65.00 target price on shares of Blue Bird in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $67.20.

About Blue Bird

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.