Insider Selling: TerraVest Industries Inc. (TSE:TVK) Insider Sells 500 Shares of Stock

TerraVest Industries Inc. (TSE:TVK) insider Pierre Fournier sold 500 shares of the business’s stock in a transaction that occurred 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.

Pierre Fournier also recently made the following trade(s):

• On Thursday, June 6th, Pierre Fournier sold 300 shares of TerraVest Industries stock. The stock was sold at an average price of C$76.41, for a total value of C$22,923.00.

TerraVest Industries Price Performance

Shares of TSE TVK opened at C$76.78 on Monday. The company’s fifty day moving average is C$74.11 and its two-hundred day moving average is C$64.09. TerraVest Industries Inc. has a one year low of C$30.45 and a one year high of C$82.93. The company has a debt-to-equity ratio of 128.21, a quick ratio of 0.91 and a current ratio of 2.34. The firm has a market capitalization of C$1.49 billion, a P/E ratio of 23.27 and a beta of 0.64.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$1.19 earnings per share for the quarter. The firm had revenue of C$214.94 million during the quarter. TerraVest Industries had a return on equity of 28.07% and a net margin of 7.95%. Analysts forecast that TerraVest Industries Inc. will post 0.78 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, June 28th. TerraVest Industries’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

TVK has been the subject of a number of analyst reports. Desjardins set a C$95.00 price objective on shares of TerraVest Industries and gave the stock a “buy” rating in a research report on Thursday, July 4th. Canaccord Genuity Group set a C$91.00 price target on shares of TerraVest Industries and gave the stock a “buy” rating in a report on Monday, June 10th. National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a research report on Sunday, July 14th. Finally, National Bankshares set a C$89.00 target price on TerraVest Industries and gave the stock an “outperform” rating in a research report on Monday, July 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.