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

TerraVest Industries Inc. (TSE:TVK) Director Dustin Haw sold 20,000 shares of the business’s 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 value of C$2,000,000.00.

TerraVest Industries Trading Up 0.5 %

TVK stock opened at C$97.46 on Wednesday. The business has a fifty day moving average of C$88.19 and a 200-day moving average of C$76.53. The company has a market cap of C$1.90 billion, a P/E ratio of 28.25 and a beta of 0.67. TerraVest Industries Inc. has a twelve month low of C$30.45 and a twelve month high of C$101.73. 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 (TSE:TVK) last released its earnings results on Wednesday, August 14th. The company reported C$0.61 earnings per share (EPS) 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, equities research analysts expect that TerraVest Industries Inc. will post 4.4533821 EPS for the current year.

TerraVest Industries Dividend Announcement

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

Analyst Ratings Changes

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