TerraVest Industries (TSE:TVK) PT Raised to C$104.00

TerraVest Industries (TSE:TVK) had its target price lifted by National Bankshares from C$89.00 to C$104.00 in a research report released on Thursday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial upgraded shares of TerraVest Industries to a strong-buy rating in a research report on Sunday, July 14th. Desjardins set a C$95.00 price target on TerraVest Industries and gave the company a buy rating in a report on Thursday, July 4th. Finally, Canaccord Genuity Group set a C$91.00 price target on TerraVest Industries and gave the company a buy rating in a research report on Monday, June 10th.

TerraVest Industries Stock Down 1.3 %

Shares of TSE TVK opened at C$94.52 on Thursday. The firm’s fifty day moving average is C$75.82 and its 200 day moving average is C$69.04. TerraVest Industries has a 52 week low of C$30.45 and a 52 week high of C$96.84. The company has a quick ratio of 0.91, a current ratio of 2.34 and a debt-to-equity ratio of 128.21. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of 28.64 and a beta of 0.67.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.63%. TerraVest Industries’s dividend payout ratio is 18.18%.

Insider Activity

In related news, Director Dustin Haw sold 15,000 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of C$75.73, for a total value of C$1,135,950.00. In related news, Director Dustin Haw sold 15,000 shares of TerraVest Industries stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$75.73, for a total transaction of C$1,135,950.00. Also, Director Dale Laniuk sold 85,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$74.25, for a total value of C$6,311,250.00. Following the completion of the sale, the director now directly owns 553 shares in the company, valued at C$41,060.25. In the last 90 days, insiders have sold 100,800 shares of company stock valued at $7,507,738. Corporate insiders own 29.70% of the company’s stock.

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.