TerraVest Industries Inc. (TSE:TVK) Director Dustin Haw Sells 20,000 Shares

TerraVest Industries Inc. (TSE:TVK) Director Dustin Haw sold 20,000 shares of TerraVest Industries stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total transaction of C$2,000,000.00.

TerraVest Industries Trading Up 0.5 %

Shares of TSE:TVK opened at C$97.46 on Wednesday. The company’s fifty day simple moving average is C$88.19 and its 200 day simple moving average is C$76.53. The firm has a market cap of C$1.90 billion, a price-to-earnings ratio of 28.25 and a beta of 0.67. The company has a quick ratio of 0.91, a current ratio of 2.32 and a debt-to-equity ratio of 71.72. TerraVest Industries Inc. has a 12 month low of C$30.45 and a 12 month high of C$101.73.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.21). TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. The firm 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 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.62%. TerraVest Industries’s dividend payout ratio is currently 17.39%.

Analyst Ratings Changes

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

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.