Stella-Jones (TSE:SJ) Reaches New 1-Year Low - Here's What Happened

Shares of Stella-Jones Inc. (TSE:SJ - Get Free Report) hit a new 52-week low on Friday . The company traded as low as C$67.23 and last traded at C$67.02, with a volume of 83778 shares changing hands. The stock had previously closed at C$68.92.

Wall Street Analysts Forecast Growth

SJ has been the topic of several recent analyst reports. CIBC reduced their target price on Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. TD Securities decreased their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$88.00.

Stella-Jones Trading Down 2.3 %

The company's 50 day moving average is C$72.65 and its 200 day moving average is C$84.32. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The stock has a market capitalization 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.

Stella-Jones Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones's dividend payout ratio (DPR) is presently 18.09%.

Insider Transactions at Stella-Jones

In related news, Director Patrick Kirkham purchased 2,035 shares of Stella-Jones stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of C$70.36 per share, with a total value of C$143,179.34. Also, Director Rhodri Harries purchased 5,000 shares of Stella-Jones stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$70.50 per share, with a total value of C$352,500.00. Insiders have purchased 12,785 shares of company stock worth $896,221 in the last three months. Insiders own 0.14% of the company's stock.

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.