Insider Selling: Stella-Jones Inc. (TSE:SJ) Director Sells 1,000 Shares of Stock

Stella-Jones Inc. (TSE:SJ) Director James Augustus Manzi sold 1,000 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$65.79, for a total transaction of C$65,788.60.

Stella-Jones Price Performance

Shares of Stella-Jones stock traded down C$1.68 during mid-day trading on Monday, reaching C$64.13. 125,508 shares of the stock were exchanged, compared to its average volume of 148,420. The company has a market cap of C$3.59 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. Stella-Jones Inc. has a fifty-two week low of C$62.99 and a fifty-two week high of C$98.00. The firm has a 50-day simple moving average of C$68.91 and a 200 day simple moving average of C$74.84.

Stella-Jones Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.93%. This is a boost from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of research analysts recently commented on SJ shares. Scotiabank cut their target price on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Finally, Cibc World Mkts raised shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$86.60.

About Stella-Jones

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.