Insider Buying: Stella-Jones (TSE:SJ) Director Purchases 500 Shares of Stock

Stella-Jones Inc. (TSE:SJ) Director Kevin Patrick Comerford purchased 500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of C$72.06 per share, for a total transaction of C$36,030.00. Following the purchase, the director directly owned 6,176 shares in the company, valued at C$445,042.56. This trade represents a 8.81% increase in their position.

Kevin Patrick Comerford also recently made the following trade(s):

• On Monday, May 11th, Kevin Patrick Comerford acquired 100 shares of Stella-Jones stock. The stock was bought at an average price of C$71.82 per share, for a total transaction of C$7,182.00.
• On Monday, May 11th, Kevin Patrick Comerford acquired 200 shares of Stella-Jones stock. The shares were bought at an average cost of C$71.82 per share, with a total value of C$14,364.00.

Stella-Jones Stock Performance

Shares of SJ stock traded up C$2.17 during trading hours on Tuesday, hitting C$74.24. The stock had a trading volume of 256,286 shares, compared to its average volume of 143,931. The firm has a market capitalization of C$4.05 billion, a PE ratio of 13.45, a PEG ratio of 2.40 and a beta of -0.15. The stock’s 50 day moving average is C$88.55 and its 200 day moving average is C$88.10. Stella-Jones Inc. has a twelve month low of C$69.94 and a twelve month high of C$101.31. The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ) last announced its earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. The firm had revenue of C$791.00 million during the quarter. As a group, research analysts forecast that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James Financial decreased their price objective on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. National Bank Financial lowered Stella-Jones from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. Desjardins reduced their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their price objective on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, TD decreased their price objective on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$95.38.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.