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

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 5,300 shares of the firm’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.

TerraVest Industries Price Performance

Shares of TSE TVK opened at C$100.00 on Friday. TerraVest Industries Inc. has a fifty-two week low of C$30.45 and a fifty-two week high of C$101.73. The company has a market cap of C$1.95 billion, a PE ratio of 29.04 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 business has a 50-day simple moving average of C$86.16 and a two-hundred day simple moving average of 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 company had revenue of C$238.13 million during 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 analysts expect that TerraVest Industries Inc. will post 4.4472247 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

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 of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.60%. TerraVest Industries’s payout ratio is currently 17.39%.

Analyst Ratings Changes

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

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.