TerraVest Industries Inc. (TSE:TVK) Insider Pierre Fournier Purchases 150 Shares

TerraVest Industries Inc. (TSE:TVK) insider Pierre Fournier bought 150 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was purchased at an average price of C$97.25 per share, with a total value of C$14,587.01.

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

• On Monday, October 14th, Pierre Fournier bought 150 shares of TerraVest Industries stock. The stock was purchased at an average price of C$95.30 per share, with a total value of C$14,295.00.

TerraVest Industries Stock Up 0.8 %

Shares of TVK opened at C$101.82 on Friday. TerraVest Industries Inc. has a 12 month low of C$30.45 and a 12 month high of C$104.39. The firm’s 50 day moving average is C$97.34 and its 200-day moving average is C$82.59. The stock has a market capitalization of C$1.99 billion, a PE ratio of 29.51 and a beta of 0.66. The company has a current ratio of 2.32, a quick ratio of 0.91 and a debt-to-equity ratio of 71.72.

TerraVest Industries (TSE:TVK) last announced its 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). TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. The business had revenue of C$238.13 million for the quarter, compared to the consensus estimate of C$223.20 million. Equities research analysts forecast that TerraVest Industries Inc. will post 4.4510412 EPS for the current year.

TerraVest Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.59%. TerraVest Industries’s dividend payout ratio is presently 17.39%.

Wall Street Analysts Forecast Growth

TVK has been the subject of several recent analyst reports. Desjardins set a C$95.00 target price on shares of TerraVest Industries and gave the company a “buy” rating in a research note on Thursday, July 4th. National Bankshares raised their price objective 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 upgraded shares of TerraVest Industries to a “strong-buy” rating in a research 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.