Stella-Jones (TSE:SJ) Sets New 12-Month High on Insider Buying Activity

Shares of Stella-Jones Inc. (TSE:SJ) reached a new 52-week high on Wednesday following insider buying activity. The company traded as high as C$84.91 and last traded at C$84.14, with a volume of 5710 shares changing hands. The stock had previously closed at C$83.78.

Specifically, Director Michelle Annette Banik purchased 472 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the purchase, the director owned 472 shares in the company, valued at C$39,931.20. This represents a ∞ increase in their ownership of the stock.

Analyst Upgrades and Downgrades

SJ has been the subject of a number of analyst reports. Desjardins lifted their price target on Stella-Jones from C$89.00 to C$92.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Cibc World Mkts lowered Stella-Jones from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. TD Securities upped their price target on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. CIBC lowered their price target on Stella-Jones from C$90.00 to C$89.00 in a research report on Friday, November 7th. Finally, National Bankshares lifted their price objective on shares of Stella-Jones from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$91.33.

Stella-Jones Price Performance

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 50-day moving average price of C$80.21 and a 200 day moving average price of C$78.07. The firm has a market capitalization of C$4.66 billion, a PE ratio of 13.89, a PEG ratio of 2.40 and a beta of -0.10.

Stella-Jones (TSE:SJ) last announced its earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share (EPS) for the quarter. The business had revenue of C$958.00 million for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. Equities analysts forecast that Stella-Jones Inc. will post 6.4457565 EPS for the current fiscal year.

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.