Insider Selling: TerraVest Industries Inc. (TSE:TVK) Insider Sells C$530,000.00 in Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 5,300 shares of the company’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 transaction of C$530,000.00.

TerraVest Industries Stock Up 0.4 %

TerraVest Industries stock traded up C$0.40 during mid-day trading on Wednesday, reaching C$99.40. The stock had a trading volume of 101,985 shares, compared to its average volume of 32,270. TerraVest Industries Inc. has a fifty-two week low of C$30.45 and a fifty-two week high of C$100.28. The firm has a market capitalization of C$1.94 billion, a PE ratio of 28.62 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 stock’s 50-day simple moving average is C$85.64 and its 200-day simple moving average is C$75.05.

TerraVest Industries (TSE:TVK) last posted 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). TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. The business had revenue of C$238.13 million during the quarter, compared to analysts’ expectations of C$223.20 million. On average, sell-side analysts forecast that TerraVest Industries Inc. will post 4.4472247 EPS for the current fiscal year.

TerraVest Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. 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 is currently 17.39%.

Analyst Upgrades and Downgrades

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

TerraVest Industries Company Profile

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.