Stella-Jones Inc. (TSE:SJ) Director Sells C$65,788.60 in Stock

Stella-Jones Inc. (TSE:SJ) Director James Augustus Manzi sold 1,000 shares of the company’s stock in a transaction on 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 Stock Down 2.0 %

Shares of TSE:SJ opened at C$64.51 on Tuesday. The stock has a market cap of C$3.61 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The firm’s 50 day moving average price is C$68.74 and its 200 day moving average price is C$74.65. Stella-Jones Inc. has a fifty-two week low of C$62.99 and a fifty-two week high of C$98.00. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.31 per share. This is a boost from Stella-Jones’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.92%. Stella-Jones’s payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

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