Stella-Jones (TSE:SJ) Share Price Passes Above Two Hundred Day Moving Average of $60.59

Shares of Stella-Jones Inc. (TSE:SJ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$60.59 and traded as high as C$65.52. Stella-Jones shares last traded at C$64.57, with a volume of 90,749 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Acumen Capital upped their price objective on Stella-Jones from C$72.00 to C$80.00 in a report on Thursday, August 10th. CIBC upped their target price on shares of Stella-Jones from C$69.00 to C$72.00 in a research report on Tuesday, August 15th. TD Securities upped their target price on Stella-Jones from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Royal Bank of Canada increased their price target on shares of Stella-Jones from C$69.00 to C$79.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Finally, Scotiabank increased their price target on shares of Stella-Jones from C$64.00 to C$70.00 in a research report on Monday, May 29th.

Stella-Jones Stock Down 0.8 %

The business has a 50 day moving average price of C$65.98 and a 200 day moving average price of C$60.59. The firm has a market capitalization of C$3.75 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 82.25, a current ratio of 4.59 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, August 9th. The company reported C$1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.56 by C$0.16. Stella-Jones had a net margin of 8.18% and a return on equity of 16.76%. The firm had revenue of C$972.00 million during the quarter, compared to the consensus estimate of C$953.20 million. On average, analysts predict that Stella-Jones Inc. will post 5.3916318 earnings per share for the current year.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, September 1st. Stella-Jones’s dividend payout ratio is 20.77%.

Insider Buying and Selling

In other Stella-Jones news, Director Ian Jones sold 400 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$65.71, for a total transaction of C$26,284.00. Following the transaction, the director now owns 100 shares of the company’s stock, valued at C$6,571. 0.14% of the stock is owned by corporate insiders.

About Stella-Jones

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, include wood for railway bridges and crossings, marine and foundation pilings, construction timbers, and coal tar-based products.