Stella-Jones (TSE:SJ) Hits New 12-Month High at $87.22

Stella-Jones Inc. (TSE:SJ)’s stock price hit a new 52-week high 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.

Analysts Set New Price Targets

A number of research firms have recently commented on SJ. Desjardins cut 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. TD Securities raised their price objective on shares of Stella-Jones from C$94.00 to C$98.00 in a research report on Friday, May 10th. CIBC raised their price objective on shares of Stella-Jones from C$85.00 to C$86.00 in a research report on Thursday, April 11th. National Bankshares raised their price objective on shares of Stella-Jones from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada raised their price objective on shares of Stella-Jones from C$91.00 to C$94.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$89.57.

Stella-Jones Trading Down 0.5 %

The stock has a market cap of C$4.92 billion, a P/E ratio of 14.62, a PEG ratio of 2.40 and a beta of 0.68. The company has a current ratio of 6.38, a quick ratio of 1.20 and a debt-to-equity ratio of 100.69. The stock’s fifty day moving average price is C$82.42 and its 200 day moving average price is C$79.68.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.09 by C$0.27. Stella-Jones had a return on equity of 20.77% and a net margin of 10.14%. The firm had revenue of C$775.00 million during the quarter, compared to analyst estimates of C$781.85 million. Equities research analysts expect that Stella-Jones Inc. will post 5.7120805 earnings per share for the current year.

Stella-Jones Dividend Announcement

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

Insiders Place Their Bets

In other news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$61.93, for a total transaction of C$309,661.50. 0.14% of the stock is owned by insiders.

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.