Insider Buying: Stella-Jones Inc. (TSE:SJ) Director Purchases C$347,500.00 in Stock

Stella-Jones Inc. (TSE:SJ) Director Rhodri Harries purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of C$69.50 per share, with a total value of C$347,500.00.

Rhodri Harries also recently made the following trade(s):

• On Tuesday, November 12th, Rhodri Harries acquired 5,000 shares of Stella-Jones stock. The shares were bought at an average cost of C$70.50 per share, for a total transaction of C$352,500.00.

Stella-Jones Stock Down 0.3 %

SJ stock opened at C$68.16 on Friday. The stock’s 50 day moving average is C$86.88 and its 200-day moving average is C$87.29. Stella-Jones Inc. has a twelve month low of C$67.13 and a twelve month high of C$98.00. The firm has a market capitalization of C$3.84 billion, a PE ratio of 11.01, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08.

Stella-Jones Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s dividend payout ratio is 18.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SJ shares. TD Securities dropped their price target on 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. Scotiabank lowered their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. 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. Finally, CIBC decreased their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus price target of C$88.00.

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.