TerraVest Industries (TSE:TVK) Reaches New 12-Month High at $99.90

TerraVest Industries Inc. (TSE:TVK) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$99.90 and last traded at C$98.90, with a volume of 4300 shares trading hands. The stock had previously closed at C$98.84.

Analysts Set New Price Targets

TVK has been the subject of several recent research reports. National Bankshares raised their price objective on shares of TerraVest Industries from C$89.00 to C$104.00 in a research note on Thursday, August 15th. Canaccord Genuity Group set a C$91.00 price objective on shares of TerraVest Industries and gave the company a “buy” rating in a research note on Monday, June 10th. Desjardins set a C$95.00 price objective on shares of TerraVest Industries and gave the company a “buy” rating in a research note on Thursday, July 4th. Finally, National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a research note on Sunday, July 14th.

TerraVest Industries Stock Up 0.4 %

The firm has a market cap of C$1.94 billion, a PE ratio of 28.81 and a beta of 0.67. 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 firm’s 50-day moving average price is C$86.16 and its two-hundred day moving average price is C$75.35.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.21). The company had revenue of C$238.13 million for the quarter, compared to analysts’ expectations of C$223.20 million. TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. As a group, equities research analysts expect that TerraVest Industries Inc. will post 4.4472247 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.60%. TerraVest Industries’s payout ratio is 17.39%.

Insider Activity

In other news, insider Pierre Fournier sold 500 shares of TerraVest Industries stock in a transaction 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 other TerraVest Industries news, insider Charles Pellerin sold 5,300 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total value of C$530,000.00. Also, insider Pierre Fournier sold 500 shares of the business’s stock in a transaction 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. 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.