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

Stella-Jones Inc. (TSE:SJ)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$65.13 and last traded at C$69.92, with a volume of 41620 shares. The stock had previously closed at C$70.13.

Analyst Ratings Changes

SJ has been the subject of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. TD Securities lowered their price objective on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Scotiabank decreased their price target on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Finally, Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Stella-Jones Stock Performance

The firm has a fifty day moving average of C$71.37 and a 200 day moving average of C$82.27. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The stock has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates of C$1.70 by C($0.28). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. During the same period in the previous year, the firm earned $1.91 earnings per share. On average, sell-side analysts anticipate that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, December 2nd. Stella-Jones’s payout ratio is 18.09%.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Patrick Kirkham bought 2,035 shares of Stella-Jones stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$70.36 per share, for a total transaction of C$143,179.34. Also, Director Rhodri Harries purchased 5,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$69.50 per share, for a total transaction of C$347,500.00. Insiders purchased 12,785 shares of company stock valued at $896,221 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.