President Britton Smith has offered 6,228 shares of Blue Bird Corp (NASDAQ:BLBD) on February 29, 2024, in keeping with a recent SEC submitting. The transaction was executed at a mean worth of $33.5 per share, leading to a complete worth of $208,638.
Blue Bird Corp, listed on NASDAQ with the image BLBD, is a number one producer of faculty buses and a pioneer within the design and manufacturing of different gas autos. The firm has established a popularity for security, high quality, and innovation, and is dedicated to offering environmentally accountable transportation options.
Over the previous 12 months, Britton Smith has offered a complete of 6,228 shares of Blue Bird Corp and has not made any purchases of the inventory. This latest transaction continues a development noticed over the previous 12 months, the place there have been no insider buys and 16 insider sells for the corporate.
On the date of the insider’s recent promote, Blue Bird Corp (NASDAQ:BLBD) shares have been buying and selling at $33.5, giving the corporate a market capitalization of $1.086 billion. The inventory’s price-earnings ratio stood at 17.75, barely above the business median of 16.84 however under the corporate’s historic median price-earnings ratio.
The inventory’s present worth relative to the GuruFocus Value (GF Value) signifies that Blue Bird Corp is considerably overvalued. The price-to-GF-Value ratio is 1.3, with the GF Value estimated at $25.72 per share. The GF Value is derived from historic buying and selling multiples, a GuruFocus adjustment issue primarily based on previous returns and progress, and future business efficiency estimates from Morningstar analysts.
The insider development picture above displays the recent promoting exercise by insiders at Blue Bird Corp, with no insider purchases recorded over the previous 12 months.
The GF Value picture gives a visible illustration of the inventory’s valuation, indicating that Blue Bird Corp’s share worth is considerably above the estimated intrinsic worth.
Investors and stakeholders usually monitor insider transactions as they will present insights into the corporate’s efficiency and insider views on the inventory’s worth. The recent promote by President Britton Smith might entice consideration from the market and could possibly be a degree of study for these following Blue Bird Corp (NASDAQ:BLBD).
This article, generated by GuruFocus, is designed to offer normal 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 meant to function particular funding steering. It doesn’t formulate a suggestion to buy or divest any inventory and doesn’t contemplate individual funding targets or monetary circumstances. Our goal is to ship long-term, elementary data-driven evaluation. Be conscious that our evaluation won’t incorporate essentially 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.
