Patrick Kirkham Buys 2,035 Shares of Stella-Jones Inc. (TSE:SJ) Stock

Stella-Jones Inc. (TSE:SJ) Director Patrick Kirkham purchased 2,035 shares of Stella-Jones stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of C$70.36 per share, for a total transaction of C$143,179.34.

Stella-Jones Price Performance

SJ stock opened at C$70.73 on Monday. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The firm has a market cap of C$3.99 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.40 and a beta of 0.64. The company’s fifty day simple moving average is C$77.36 and its 200 day simple moving average is C$85.71. Stella-Jones Inc. has a 12-month low of C$67.13 and a 12-month high of C$98.00.

Stella-Jones Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.58%. Stella-Jones’s payout ratio is 18.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SJ shares. Scotiabank cut their target price on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. TD Securities reduced their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. CIBC decreased their price objective on Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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 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.