Insider Buying: Stella-Jones Inc. (TSE:SJ) Director Acquires C$352,500.00 in Stock

Stella-Jones Inc. (TSE:SJ) Director Rhodri Harries bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$70.50 per share, with a total value of C$352,500.00.

Rhodri Harries also recently made the following trade(s):

• On Thursday, November 14th, Rhodri Harries acquired 5,000 shares of Stella-Jones stock. The shares were purchased at an average cost of C$69.50 per share, for a total transaction of C$347,500.00.

Stella-Jones Stock Performance

TSE SJ opened at C$68.16 on Friday. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. Stella-Jones Inc. has a 1-year low of C$67.13 and a 1-year high of C$98.00. The firm has a market capitalization of C$3.84 billion, a P/E ratio of 11.01, a P/E/G ratio of 2.40 and a beta of 0.64. The business’s 50-day simple moving average is C$86.88 and its 200-day simple moving average is C$87.24.

Stella-Jones Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.64%. Stella-Jones’s dividend payout ratio is currently 18.09%.

Wall Street Analysts Forecast Growth

SJ has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. TD Securities lowered their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CIBC cut their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. Finally, Scotiabank lowered their target price on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Company Profile

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.