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

Stella-Jones Inc. (TSE:SJ) hit a new 52-week low on Monday . The stock traded as low as C$71.17 and last traded at C$71.50, with a volume of 112901 shares. The stock had previously closed at C$72.37.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SJ. Scotiabank cut their price target on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. CIBC cut their price target on Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. TD Securities cut their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, National Bankshares upped their price target on Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Trading Down 1.0 %

The firm has a market cap of C$3.95 billion, a PE ratio of 11.42, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08. The business has a fifty day moving average price of C$88.30 and a 200 day moving average price of C$87.59.

Stella-Jones Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.60%. Stella-Jones’s dividend payout ratio (DPR) is presently 18.09%.

Insiders Place Their Bets

In other Stella-Jones news, Director Rhodri Harries bought 5,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$70.50 per share, for a total transaction of C$352,500.00. Corporate 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.