Stella-Jones (TSE:SJ) Reaches New 52-Week High at $87.22

Shares of Stella-Jones Inc. (TSE:SJ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$87.22 and last traded at C$87.00, with a volume of 17101 shares traded. The stock had previously closed at C$85.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Desjardins reduced their price objective on shares of Stella-Jones from C$94.00 to C$92.00 and set a “buy” rating for the company in a research report on Friday, March 1st. CIBC boosted their target price on shares of Stella-Jones from C$85.00 to C$86.00 in a research note on Thursday, April 11th. Royal Bank of Canada boosted their target price on shares of Stella-Jones from C$91.00 to C$94.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. TD Securities increased their target price on shares of Stella-Jones from C$94.00 to C$98.00 in a research note on Friday, May 10th. Finally, Scotiabank increased their price target on shares of Stella-Jones from C$86.00 to C$88.00 in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.57.

Stella-Jones Price Performance

The firm’s 50-day moving average is C$82.13 and its 200-day moving average is C$79.59. The company has a debt-to-equity ratio of 100.69, a current ratio of 6.38 and a quick ratio of 1.20. The company has a market capitalization of C$4.93 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$1.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.09 by C$0.27. The business had revenue of C$775.00 million for the quarter, compared to analysts’ expectations of C$781.85 million. Stella-Jones had a net margin of 10.14% and a return on equity of 20.77%. Analysts predict that Stella-Jones Inc. will post 5.7120805 EPS for the current fiscal year.

Stella-Jones Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, June 3rd. Stella-Jones’s payout ratio is 18.82%.

Insider Buying and Selling at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$61.93, for a total value of C$309,661.50. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.