Insider Buying: Stella-Jones Inc. (TSE:SJ) Director Purchases 5,000 Shares of Stock

Stella-Jones Inc. (TSE:SJ) Director Rhodri Harries purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00.

Stella-Jones Stock Performance

Shares of Stella-Jones stock traded up C$0.11 on Wednesday, reaching C$70.83. 1,258 shares of the company traded hands, compared to its average volume of 140,951. The company has a 50 day moving average of C$88.30 and a 200 day moving average of C$87.59. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. Stella-Jones Inc. has a 52 week low of C$69.76 and a 52 week high of C$98.00. The firm has a market capitalization of C$3.99 billion, a PE ratio of 11.42, a PEG ratio of 2.40 and a beta of 0.64.

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 given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s dividend payout ratio is currently 18.09%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SJ. Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. National Bankshares lifted their price objective on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. CIBC cut their price target on Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Scotiabank lowered their price objective on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Finally, 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 report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Stella-Jones currently has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Company Profile

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.