Insider Selling: TerraVest Industries Inc. (TSE:TVK) Insider Sells 17,800 Shares of Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 17,800 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$100.51, for a total value of C$1,789,078.00.

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

• On Friday, September 20th, Charles Pellerin sold 1,600 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.26, for a total value of C$160,416.00.
• 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 value of C$530,000.00.

TerraVest Industries Stock Performance

Shares of TVK stock traded up C$1.27 during trading on Friday, reaching C$98.25. The company had a trading volume of 34,100 shares, compared to its average volume of 32,357. The firm’s 50 day simple moving average is C$91.39 and its two-hundred day simple moving average is C$78.57. The company has a debt-to-equity ratio of 71.72, a current ratio of 2.32 and a quick ratio of 0.91. 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 market capitalization of C$1.92 billion, a PE ratio of 28.48 and a beta of 0.66.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results 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 return on equity of 24.63% and a net margin of 7.60%. Sell-side analysts forecast that TerraVest Industries Inc. will post 4.4497283 earnings per share for the current year.

TerraVest Industries Dividend Announcement

The firm also recently declared 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. This represents a $0.60 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, September 30th. TerraVest Industries’s dividend payout ratio is currently 17.39%.

Wall Street Analysts Forecast Growth

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

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.