On February 8, 2024, Phil Horlock, the CEO of Blue Bird Corp (NASDAQ:BLBD), offered 17,438 shares of the corporate’s inventory, based on a recent SEC Filing. Over the previous yr, the insider has offered a complete of 227,187 shares and has not made any purchases of the corporate’s inventory.
Blue Bird Corp is understood for its function as a number one impartial designer and producer of faculty buses. The firm additionally gives aftermarket components and providers for the college bus market.
The insider transaction historical past at Blue Bird Corp reveals a sample of promoting, with 12 insider sells and no insider buys over the previous yr.
On the day of the insider’s recent sale, shares of Blue Bird Corp had been buying and selling at $33, giving the corporate a market cap of $976.583 million. The price-earnings ratio of the inventory is 15.96, which is barely decrease than the business median of 16.3 and in addition beneath the corporate’s historic median price-earnings ratio.
According to the GuruFocus Value evaluation, with a inventory worth of $33 and a GF Value of $24.13, Blue Bird Corp has a price-to-GF-Value ratio of 1.37, indicating that the inventory is taken into account to be Modestly Overvalued.
The GF Value is calculated based mostly on historic buying and selling multiples, a GuruFocus adjustment issue associated to the corporate’s previous efficiency, and future business efficiency estimates supplied by Morningstar analysts.
This article, generated by GuruFocus, is designed to supply basic insights and isn’t tailor-made monetary recommendation. Our commentary is rooted in historic information and analyst projections, using an neutral methodology, and isn’t supposed to function particular funding steering. It doesn’t formulate a suggestion to buy or divest any inventory and doesn’t contemplate individual funding goals or monetary circumstances. Our goal is to ship long-term, elementary data-driven evaluation. Be conscious that our evaluation won’t incorporate probably the most recent, price-sensitive firm bulletins or qualitative info. GuruFocus holds no position within the shares talked about herein.
This article first appeared on GuruFocus.
