Charles Pellerin Sells 5,300 Shares of TerraVest Industries Inc. (TSE:TVK) Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$530,000.00.

TerraVest Industries Trading Up 0.6 %

TVK opened at C$100.00 on Friday. TerraVest Industries Inc. has a one year low of C$30.45 and a one year high of C$101.73. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32. The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of 29.04 and a beta of 0.67. The stock’s 50 day moving average price is C$86.16 and its 200-day moving average price is C$75.35.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.21). The business had revenue of C$238.13 million during the quarter, compared to the consensus estimate of C$223.20 million. TerraVest Industries had a net margin of 7.60% and a return on equity of 24.63%. On average, equities analysts forecast that TerraVest Industries Inc. will post 4.4472247 EPS for the current year.

TerraVest Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders 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 yield of 0.60%. TerraVest Industries’s dividend payout ratio (DPR) is 17.39%.

Analyst Ratings Changes

A number of brokerages have recently commented on TVK. National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a report on Sunday, July 14th. Desjardins set a C$95.00 price objective on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th. National Bankshares boosted their price objective on shares of TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group set a C$91.00 target price on shares of TerraVest Industries and gave the stock a “buy” rating in a report on Monday, June 10th.

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.