Insider Selling: 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 business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$100.26, for a total transaction 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 shares were sold at an average price of C$100.00, for a total value of C$530,000.00.

TerraVest Industries Stock Performance

Shares of TSE:TVK opened at C$96.95 on Tuesday. 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 12 month low of C$30.45 and a 12 month high of C$101.73. The firm has a market capitalization of C$1.89 billion, a PE ratio of 28.10 and a beta of 0.67. The business has a 50-day moving average of C$87.68 and a two-hundred day moving average of C$76.24.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results 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). TerraVest Industries had a net margin of 7.60% and a return on equity of 24.63%. The business had revenue of C$238.13 million for the quarter, compared to analyst estimates of C$223.20 million. As a group, research analysts forecast that TerraVest Industries Inc. will post 4.4533821 earnings per share for the current year.

TerraVest Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.62%. TerraVest Industries’s payout ratio is 17.39%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. National Bankshares increased their price objective on TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th. Desjardins set a C$95.00 target price on 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 target on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a 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.