Tectonic Advisors LLC Increases Stock Holdings in Blue Bird Co. (NASDAQ:BLBD)

Tectonic Advisors LLC boosted its position in Blue Bird Co. (NASDAQ:BLBD) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,247 shares of the company’s stock after purchasing an additional 1,819 shares during the period. Tectonic Advisors LLC owned about 0.06% of Blue Bird worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. National Bank of Canada FI acquired a new position in Blue Bird during the third quarter worth $26,000. Truvestments Capital LLC purchased a new stake in Blue Bird in the 3rd quarter valued at about $35,000. Private Trust Co. NA purchased a new position in Blue Bird during the third quarter worth approximately $38,000. nVerses Capital LLC purchased a new stake in Blue Bird during the third quarter valued at about $53,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Blue Bird during the 3rd quarter worth about $56,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLBD has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a research note on Tuesday, January 14th. BTIG Research assumed coverage on Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 target price for the company. Bank of America reduced their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Craig Hallum raised their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Blue Bird presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Insider Activity at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total value of $822,244.19. Following the completion of the sale, the chief financial officer now directly owns 89,347 shares in the company, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Blue Bird Trading Down 1.2 %

Blue Bird stock opened at $35.73 on Thursday. Blue Bird Co. has a 52 week low of $29.00 and a 52 week high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.90 and a beta of 1.56. The company has a 50 day moving average price of $40.16 and a 200 day moving average price of $44.12.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 7.83% and a return on equity of 91.12%. Research analysts forecast that Blue Bird Co. will post 3.77 EPS for the current year.

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.