TerraVest Industries Inc. (TSE:TVK) Insider Sells C$160,416.00 in Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 1,600 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$100.26, for a total value of C$160,416.00.

Charles Pellerin also recently made the following trade(s):

• On Wednesday, September 18th, Charles Pellerin sold 5,300 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.00, for a total transaction of C$530,000.00.

TerraVest Industries Price Performance

TVK traded down C$2.56 during trading on Friday, reaching C$97.44. The stock had a trading volume of 45,617 shares, compared to its average volume of 32,759. The business has a 50-day moving average of C$87.20 and a 200-day moving average of C$75.81. 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$1.90 billion, a PE ratio of 28.24 and a beta of 0.67.

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

TerraVest Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.62%. TerraVest Industries’s dividend payout ratio (DPR) is currently 17.39%.

Analysts Set New Price Targets

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

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.