Stella-Jones (TSE:SJ) Sets New 1-Year Low – Here’s What Happened

Stella-Jones Inc. (TSE:SJ) reached a new 52-week low during trading on Monday . The company traded as low as C$71.17 and last traded at C$71.50, with a volume of 112901 shares trading hands. The stock had previously closed at C$72.37.

Wall Street Analyst Weigh In

SJ has been the topic of a number of recent research reports. CIBC dropped their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. National Bankshares boosted their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. TD Securities dropped their price target on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. Finally, Scotiabank dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$88.00.

Stella-Jones Price Performance

The firm has a market cap of C$3.95 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a 50 day moving average price of C$88.30 and a 200 day moving average price of C$87.59. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s dividend payout ratio (DPR) is 18.09%.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Rhodri Harries purchased 5,000 shares of Stella-Jones stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$70.50 per share, with a total value of C$352,500.00. Corporate insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.