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Director Phil Horlock of Blue Bird Corp (NASDAQ:BLBD) sold 42,258 shares of common stock on August 15 and 18, at prices ranging from $57.18 to $58.16, totaling approximately $2.4 million. The sale comes amid the company’s impressive 66% surge over the past six months, with InvestingPro data showing the stock trading near its 52-week high of $60.45.
According to a Form 4 filing with the Securities and Exchange Commission, the director also exercised options to acquire 42,258 shares of Blue Bird common stock at a price of $16.99, for a total value of $717963. The company, currently valued at $1.84 billion, maintains an EXCELLENT financial health score according to InvestingPro analysis, with 13 additional key insights available to subscribers.
Following these transactions, Horlock directly owns 240,766 shares of Blue Bird Corp, a company that trades at a P/E ratio of 16.08 and has received upward earnings revisions from five analysts for the upcoming period.
In other recent news, Blue Bird Corporation has reported its fiscal Q3 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.19, exceeding the projected $1.00, and reported a revenue of $398 million, which was higher than the anticipated $377.64 million. This robust performance was noted by Needham, which subsequently raised its price target for Blue Bird to $53 from $49, maintaining a Buy rating due to "strong execution against low expectations." Additionally, DA Davidson reiterated its Buy rating on Blue Bird following a significant 128% year-over-year increase in school bus orders for July. This increase was particularly surprising given the previous four months of declining orders. These developments reflect positively on Blue Bird’s market position and operational strategies.
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