Blue Bird Corp director Daniel Thau purchases $17,425 in stock

In a recent transaction, Daniel Mark Thau, a director at Blue Bird Corp (NASDAQ:BLBD), acquired 500 shares of the company’s common stock. The purchase, which took place on February 18, 2025, was executed at a price of $34.85 per share, totaling $17,425. According to InvestingPro analysis, BLBD currently trades at an attractive P/E ratio of 10.45, suggesting potential value opportunity despite recent market volatility.

Following this transaction, Thau’s direct ownership in Blue Bird Corp increased to 1,200 shares. This acquisition reflects Thau’s continued investment in the company, which operates in the truck and bus manufacturing sector. With a market capitalization of $1.13 billion and an "GREAT" financial health score from InvestingPro, Blue Bird Corp shows strong fundamentals. Analysts maintain a bullish outlook, with price targets ranging from $36 to $68. Discover more insights and 12 additional ProTips with an InvestingPro subscription.

In other recent news, Blue Bird Corp reported impressive financial results for the first quarter of fiscal year 2025, with adjusted earnings per share (EPS) of approximately $0.92, surpassing the consensus estimate of $0.79. The company’s adjusted EBITDA also exceeded expectations at around $46 million, compared to the consensus of $41.6 million. Revenue for the quarter reached approximately $314 million, exceeding management’s forecast of $300 million. Blue Bird’s financial guidance for fiscal year 2025 remains steady, with revenue expectations between $1.4 billion and $1.5 billion and an adjusted EBITDA forecast now broadened to $185 million to $215 million.

The company has also announced the appointment of John Wyskiel as its new President and CEO, effective February 17, 2025. Wyskiel brings over three decades of experience in the automotive industry and previously held senior roles at Magna International (NYSE:MGA) and Borg Warner. Analyst firms have adjusted their price targets for Blue Bird, with Craig-Hallum lowering its target to $68 while maintaining a Buy rating, and Needham reducing its target to $49, also retaining a Buy rating. BTIG similarly revised its target to $45 but continued to endorse a Buy rating.

Blue Bird’s backlog remains robust, with approximately 4,700 units valued at $760 million, including nearly 1,000 electric vehicle (EV) units. The company has strategies in place to mitigate the impact of potential federal funding interruptions and tariff actions. The recent leadership change and strong financial performance highlight Blue Bird’s ongoing commitment to growth and innovation in the electric and low-emission school bus market.

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