Stella-Jones Inc. (TSE:SJ – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$95.86 and last traded at C$95.51, with a volume of 29020 shares. The stock had previously closed at C$94.57.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Scotiabank upped their target price on Stella-Jones from C$86.00 to C$88.00 in a research note on Thursday, May 9th. National Bankshares upped their target price on 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 upped their target price on Stella-Jones from C$94.00 to C$98.00 in a research note on Friday, May 10th. Royal Bank of Canada lowered Stella-Jones from an “outperform” rating to a “sector perform” rating and set a C$94.00 target price on the stock. in a research note on Monday, July 8th. Finally, CIBC upped their target price on Stella-Jones from C$86.00 to C$94.00 in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Stella-Jones presently has a consensus rating of “Moderate Buy” and an average target price of C$92.14.
View Our Latest Stock Report on Stella-Jones
Stella-Jones Price Performance
Stella-Jones (TSE:SJ – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$1.36 earnings per share for the quarter, topping the consensus estimate of C$1.09 by C$0.27. Stella-Jones had a return on equity of 20.77% and a net margin of 10.14%. The business had revenue of C$775.00 million during the quarter, compared to analysts’ expectations of C$781.85 million. Research analysts anticipate that Stella-Jones Inc. will post 5.7120805 EPS for the current fiscal year.
Stella-Jones Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.17%. The ex-dividend date was Monday, June 3rd. Stella-Jones’s dividend payout ratio (DPR) is currently 18.82%.
Insiders Place Their Bets
In other news, Director James Augustus Manzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$61.93, for a total value of C$309,661.50. Company 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.
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