Latest news with #Stella-Jones
Business Insider
31-05-2025
- Business
- Business Insider
RBC Capital Reaffirms Their Hold Rating on Stella-Jones (STLJF)
RBC Capital analyst James McGarragle CFA maintained a Hold rating on Stella-Jones (STLJF – Research Report) on May 29 and set a price target of C$76.00. The company's shares closed yesterday at $56.77. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, McGarragle CFA is a 4-star analyst with an average return of 9.8% and a 76.40% success rate. McGarragle CFA covers the Industrials sector, focusing on stocks such as CAE, Bombardier, and Exchange Income. Currently, the analyst consensus on Stella-Jones is a Moderate Buy with an average price target of $60.36. The company has a one-year high of $71.10 and a one-year low of $41.40. Currently, Stella-Jones has an average volume of 1,339. Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is neutral on the stock.
Yahoo
07-05-2025
- Business
- Yahoo
Stella-Jones Grows Into Electrical Transmission Steel Structures With the Acquisition of Locweld
Stella-Jones Inc. Company delivering on its strategy to expand infrastructure offering MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) ('Stella-Jones' or 'the Company') announced today that it has entered into a definitive agreement to acquire Locweld Inc. ('Locweld'), a leading designer and manufacturer of lattice transmission towers and steel poles. The closing of the acquisition is expected to occur today. Based in Candiac, Quebec, Locweld has established a strong reputation for its commitment to quality and service, with over 75 years of operations. Led by a seasoned management team, Locweld employs approximately 220 people and services customers in both Canada and the United States from its 220,000 square foot facility. 'This acquisition is a step-change that enables Stella-Jones to establish a presence in the approximately five-billion-dollar steel transmission structure market, complementing our current utility poles business and offering new growth opportunities,' said Eric Vachon, President and Chief Executive Officer of Stella-Jones. 'We are executing on our strategy to broaden Stella-Jones' infrastructure offering with an acquisition that capitalizes on our expansive sales and distribution network. With this strategic move, we are well positioned to better serve our customers and gain invaluable experience as we work to continually develop our reach,' he concluded. 'For almost 40 years, the Cyr family has been at the helm of Locweld, and we are excited to have identified a strategic buyer in Stella-Jones,' said Michael Cyr, Chief Executive Officer of Locweld. 'This transaction will be mutually beneficial; Locweld will benefit from the breadth and strength of a larger organization that views the transmission structure industry as a keystone of its future growth, and our team will bring industry expertise and know-how to continue to deliver exceptional value to customers,' he added. The consideration for the acquisition consists of a purchase price of $58 million on a cash-free debt-free basis and subject to customary working capital adjustments. An additional performance-based consideration of up to seven million dollars may be paid contingent upon achieving specific financial and operational milestones. Stella-Jones also intends to invest in a capital expenditure program of approximately $15 million to increase Locweld's current output and optimize operational efficiencies. Michael Cyr, Chief Executive Officer of Locweld, will be moving on from his role, and key members of management will remain within the organization to support the business. Sales for Locweld's year ended September 30, 2024 reached approximately $55 million. The Company will finance the acquisition through its existing revolving credit facilities.
Globe and Mail
10-04-2025
- Business
- Globe and Mail
Stella-Jones Announces the Appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer
MONTREAL, April 10, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX : SJ) ('Stella-Jones' or the 'Company') today announced the appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer, effective April 14, 2025. Mr. Bourland joins Stella-Jones with a wealth of experience as a senior operations professional. He served most recently (2024–2025) as Chief Operating Officer for a leading supplier of hardwood lumber in North America, Europe and Asia, where he was responsible for 30 manufacturing and warehousing facilities across the U.S., including sawmills, concentration yards, and distribution facilities, and served as its Vice President of Operations from 2021 to 2024. Prior to this, in his 13-year tenure at a manufacturer of steel structures, Mr. Bourland held several leadership roles including Senior Vice-President & General Manager (2018–2021), and Senior Vice President of Operations, Quality and Engineering (2015–2018). Earlier in his career, he completed his military service as the Operations Officer aboard a United States Navy ship, where he developed foundational leadership skills and a mission-driven approach to operations that continue to inform his professional ethos today. A trained Mechanical Engineer with a Bachelor of Science from the University of Texas at Austin, Mr. Bourland will leverage his expertise in manufacturing, strategic planning and process optimization to steer the Company's operations and deliver further alignment in key areas of the business, such as Procurement, Environment, Health and Safety, and Engineering and Innovation. 'We are thrilled to welcome Wesley to our team,' said Eric Vachon, President and Chief Executive Officer of Stella-Jones. 'He is a seasoned, results-driven leader with a proven aptitude to drive operational excellence through a culture of collaboration and innovation. As Stella-Jones continues to focus on being a partner of choice to its infrastructure customers across North America, Wesley is certain to be a point of strength to our continued success, and we look forward to his contributions,' he concluded. ABOUT STELLA-JONES Stella-Jones Inc. (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure that are essential to the delivery of electrical distribution and transmission, and the operation and maintenance of railway transportation systems. It supplies the continent's major electrical utilities companies with treated wood utility poles and North America's Class 1, short line and commercial railroad operators with treated wood railway ties and timbers. It also supports infrastructure with industrial products, namely timbers for railway bridges, crossings and construction, marine and foundation pilings, and coal tar-based products. Additionally, the Company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network. For more information, visit: A photo accompanying this announcement is available at
Yahoo
10-04-2025
- Business
- Yahoo
Stella-Jones Announces the Appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer
MONTREAL, April 10, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX : SJ) ('Stella-Jones' or the 'Company') today announced the appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer, effective April 14, Bourland joins Stella-Jones with a wealth of experience as a senior operations professional. He served most recently (2024–2025) as Chief Operating Officer for a leading supplier of hardwood lumber in North America, Europe and Asia, where he was responsible for 30 manufacturing and warehousing facilities across the U.S., including sawmills, concentration yards, and distribution facilities, and served as its Vice President of Operations from 2021 to 2024. Prior to this, in his 13-year tenure at a manufacturer of steel structures, Mr. Bourland held several leadership roles including Senior Vice-President & General Manager (2018–2021), and Senior Vice President of Operations, Quality and Engineering (2015–2018). Earlier in his career, he completed his military service as the Operations Officer aboard a United States Navy ship, where he developed foundational leadership skills and a mission-driven approach to operations that continue to inform his professional ethos today. A trained Mechanical Engineer with a Bachelor of Science from the University of Texas at Austin, Mr. Bourland will leverage his expertise in manufacturing, strategic planning and process optimization to steer the Company's operations and deliver further alignment in key areas of the business, such as Procurement, Environment, Health and Safety, and Engineering and Innovation. 'We are thrilled to welcome Wesley to our team,' said Eric Vachon, President and Chief Executive Officer of Stella-Jones. 'He is a seasoned, results-driven leader with a proven aptitude to drive operational excellence through a culture of collaboration and innovation. As Stella-Jones continues to focus on being a partner of choice to its infrastructure customers across North America, Wesley is certain to be a point of strength to our continued success, and we look forward to his contributions,' he concluded. ABOUT STELLA-JONES Stella-Jones Inc. (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure that are essential to the delivery of electrical distribution and transmission, and the operation and maintenance of railway transportation systems. It supplies the continent's major electrical utilities companies with treated wood utility poles and North America's Class 1, short line and commercial railroad operators with treated wood railway ties and timbers. It also supports infrastructure with industrial products, namely timbers for railway bridges, crossings and construction, marine and foundation pilings, and coal tar-based products. Additionally, the Company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network. For more information, visit: Source: Stella-Jones Inc. Stella-Jones Inc. Contacts: Silvana Travaglini, CPASenior Vice-President and Chief Financial OfficerStella-JonesTel.: (514) 940-8660stravaglini@ Stephanie CorrenteDirector, Corporate CommunicationsStella-Jonescommunications@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
Stella-Jones' (TSE:SJ) Upcoming Dividend Will Be Larger Than Last Year's
The board of Stella-Jones Inc. (TSE:SJ) has announced that it will be paying its dividend of CA$0.31 on the 18th of April, an increased payment from last year's comparable dividend. Despite this raise, the dividend yield of 1.8% is only a modest boost to shareholder returns. Even a low dividend yield can be attractive if it is sustained for years on end. However, prior to this announcement, Stella-Jones' dividend was comfortably covered by both cash flow and earnings. As a result, a large proportion of what it earned was being reinvested back into the business. The next year is set to see EPS grow by 12.4%. If the dividend continues on this path, the payout ratio could be 20% by next year, which we think can be pretty sustainable going forward. See our latest analysis for Stella-Jones The company has a sustained record of paying dividends with very little fluctuation. The dividend has gone from an annual total of CA$0.28 in 2015 to the most recent total annual payment of CA$1.24. This means that it has been growing its distributions at 16% per annum over that time. So, dividends have been growing pretty quickly, and even more impressively, they haven't experienced any notable falls during this period. Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that Stella-Jones has been growing its earnings per share at 19% a year over the past five years. Growth in EPS bodes well for the dividend, as does the low payout ratio that the company is currently reporting. Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. As an example, we've identified 1 warning sign for Stella-Jones that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
