Insider Buying: Stella-Jones (TSE:SJ) Director Buys C$68,607.14 in Stock

Stella-Jones Inc. (TSE:SJ) Director Kenner James acquired 937 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the purchase, the director directly owned 1,834 shares of the company’s stock, valued at C$134,285.48. This trade represents a 104.46% increase in their ownership of the stock.

Stella-Jones Stock Down 0.7%

TSE SJ opened at C$73.56 on Friday. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The company has a fifty day moving average of C$87.69 and a two-hundred day moving average of C$88.03. The firm has a market capitalization of C$4.01 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.40 and a beta of -0.15. Stella-Jones Inc. has a 52 week low of C$69.94 and a 52 week high of C$101.31.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 EPS for the quarter. The company had revenue of C$791.00 million during the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. On average, analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SJ shares. TD dropped their price objective on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday. Desjardins lowered their target price on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. National Bank Financial lowered shares of Stella-Jones from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. Royal Bank Of Canada lowered their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, Raymond James Financial lowered their target price on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$95.38.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.