Stella-Jones Inc. (TSE:SJ) Director James Augustus Manzi Sells 1,000 Shares

Stella-Jones Inc. (TSE:SJ) Director James Augustus Manzi sold 1,000 shares of the business’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 Stock Down 2.0 %

Shares of SJ opened at C$64.51 on Tuesday. The company has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 2.40 and a beta of 0.64. Stella-Jones Inc. has a 52 week low of C$62.99 and a 52 week high of C$98.00. The stock’s 50-day moving average price is C$68.74 and its 200-day moving average price is C$74.65. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 1st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.92%. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Finally, Scotiabank dropped their target price on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Stella-Jones has an average rating of “Buy” and an average target price of C$86.60.

About Stella-Jones

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.