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

Stella-Jones Inc. (TSE:SJ) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$67.23 and last traded at C$67.02, with a volume of 83778 shares traded. The stock had previously closed at C$68.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SJ shares. Scotiabank dropped their price target on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. TD Securities cut their price target on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, CIBC lowered their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Stock Down 2.3 %

The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.40 and a beta of 0.64. The stock has a 50 day simple moving average of C$72.65 and a 200 day simple moving average of C$84.32. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones’s dividend payout ratio is currently 18.09%.

Insider Activity at Stella-Jones

In other Stella-Jones news, Senior Officer Richard Cuddihy bought 500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Rhodri Harries acquired 5,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$70.50 per share, for a total transaction of C$352,500.00. In the last three months, insiders purchased 12,785 shares of company stock valued at $896,221. 0.14% of the stock is owned by insiders.

Stella-Jones Company Profile

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.