James Augustus Manzi Sells 1,000 Shares of Stella-Jones Inc. (TSE:SJ) Stock

Stella-Jones Inc. (TSE:SJ) Director James Augustus Manzi sold 1,000 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$65.79, for a total transaction of C$65,788.60.

Stella-Jones Stock Performance

Shares of TSE:SJ traded down C$1.68 during trading on Monday, reaching C$64.13. The stock had a trading volume of 125,508 shares, compared to its average volume of 148,420. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The stock has a fifty day simple moving average of C$68.91 and a two-hundred day simple moving average of C$74.84. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones Inc. has a 52 week low of C$62.99 and a 52 week high of C$98.00.

Stella-Jones Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 1st will be paid a $0.31 dividend. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.93%. Stella-Jones’s payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Scotiabank cut their target price on shares of Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. Finally, Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$86.60.

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.