Stella-Jones (TSE:SJ) Reaches New 1-Year Low – Should You Sell?

Stella-Jones Inc. (TSE:SJ)’s share price hit a new 52-week low during trading on Friday . The company traded as low as C$67.23 and last traded at C$67.02, with a volume of 83778 shares traded. The stock had previously closed at C$68.92.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SJ shares. CIBC dropped their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Royal Bank of Canada decreased 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 dropped their target price on shares of 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. Finally, Scotiabank decreased their price target on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.00.

Stella-Jones Stock Down 2.3 %

The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The firm’s 50-day moving average price is C$72.31 and its 200 day moving average price is C$84.20. The firm has a market capitalization of C$3.79 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Stella-Jones Announces Dividend

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

Insider Transactions at Stella-Jones

In other news, Director Patrick Kirkham bought 2,035 shares of the stock in a transaction 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 the business’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of C$70.50 per share, with a total value of C$352,500.00. Insiders purchased a total of 12,785 shares of company stock valued at $896,221 over the last three months. 0.14% of the stock is currently owned by insiders.

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.