TerraVest Industries Inc. (TSE:TVK) to Issue $0.15 Quarterly Dividend

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Wednesday, August 14th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.15 per share on Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Monday, September 30th.

TerraVest Industries Trading Up 1.8 %

Shares of TVK stock traded up C$1.60 during trading on Thursday, hitting C$92.00. 490 shares of the stock traded hands, compared to its average volume of 31,284. The firm has a market capitalization of C$1.79 billion, a P/E ratio of 27.39 and a beta of 0.67. The company has a debt-to-equity ratio of 128.21, a current ratio of 2.34 and a quick ratio of 0.91. The firm’s fifty day moving average price is C$75.00 and its 200-day moving average price is C$68.26. TerraVest Industries has a 52-week low of C$30.45 and a 52-week high of C$92.09.

Analysts Set New Price Targets

Several equities analysts have commented on TVK shares. Canaccord Genuity Group set a C$91.00 price target on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Monday, June 10th. Desjardins set a C$95.00 price target on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th. National Bankshares set a C$89.00 price target on shares of TerraVest Industries and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a research note on Sunday, July 14th.

Insider Activity

In other news, insider Pierre Fournier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$75.23, for a total value of C$37,615.00. In related news, insider Pierre Fournier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$75.23, for a total transaction of C$37,615.00. Also, Senior Officer Mitchell Jordan Gilbert sold 52,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$78.50, for a total transaction of C$4,082,000.00. Insiders have sold 152,800 shares of company stock worth $11,589,738 over the last ninety days. 29.70% of the stock is currently owned by insiders.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.