Stella-Jones (TSE:SJ) Reaches New 12-Month Low After Insider Selling

Stella-Jones Inc. (TSE:SJ - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as C$62.99 and last traded at C$63.57, with a volume of 17039 shares trading hands. The stock had previously closed at C$65.81.

Specifically, Director James Augustus Manzi sold 1,000 shares of Stella-Jones 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.

Wall Street Analysts Forecast Growth

SJ has been the topic of several research reports. CIBC raised Stella-Jones from a "neutral" rating to an "outperform" rating and increased their target price for the stock from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Cibc World Mkts raised Stella-Jones from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Scotiabank dropped their target price on shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$86.60.

Stella-Jones Trading Up 2.6 %

The firm has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.40 and a beta of 0.64. The business's 50-day moving average price is C$68.00 and its 200 day moving average price is C$73.77. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20.

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 paid a $0.31 dividend. This is a boost from Stella-Jones's previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.89%. Stella-Jones's payout ratio is 19.56%.

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.