Stella-Jones Inc. (TSE:SJ - Get Free Report) Director James Augustus Manzi sold 1,000 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$65.79, for a total value of C$65,788.60.
Stella-Jones Price Performance
Shares of Stella-Jones stock traded up C$1.68 during trading on Friday, reaching C$65.75. 89,745 shares of the stock traded hands, compared to its average volume of 146,748. Stella-Jones Inc. has a 52-week low of C$62.26 and a 52-week high of C$98.00. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. The business has a fifty day simple moving average of C$68.00 and a two-hundred day simple moving average of C$73.77. The company has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.40 and a beta of 0.64.
Stella-Jones Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 1st will be issued a $0.31 dividend. This is an increase from Stella-Jones's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. Stella-Jones's dividend payout ratio (DPR) is presently 19.56%.
Wall Street Analysts Forecast Growth
SJ has been the topic of several analyst reports. Cibc World Mkts upgraded shares of Stella-Jones from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. CIBC raised Stella-Jones from a "neutral" rating to an "outperform" rating and boosted their price target for the company from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Finally, Scotiabank reduced their price target on Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$86.60.
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About Stella-Jones
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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.
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