Insider Selling: TerraVest Industries Inc. (TSE:TVK) Insider Sells C$1,789,078.00 in Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 17,800 shares of TerraVest Industries stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of C$100.51, for a total transaction of C$1,789,078.00.

Charles Pellerin also recently made the following trade(s):

• On Friday, September 20th, Charles Pellerin sold 1,600 shares of TerraVest Industries stock. The shares were sold at an average price of C$100.26, for a total transaction of C$160,416.00.
• On Wednesday, September 18th, Charles Pellerin sold 5,300 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.00, for a total transaction of C$530,000.00.

TerraVest Industries Stock Performance

Shares of TVK opened at C$97.38 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. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 28.23 and a beta of 0.66. TerraVest Industries Inc. has a one year low of C$30.45 and a one year high of C$101.73. The company has a 50-day moving average of C$91.70 and a two-hundred day moving average of C$79.16.

TerraVest Industries (TSE:TVK) last issued 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). The business had revenue of C$238.13 million during the quarter, compared to analyst estimates of C$223.20 million. TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. On average, equities research analysts expect that TerraVest Industries Inc. will post 4.4497283 earnings per share for the current year.

TerraVest Industries Announces Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, September 30th. TerraVest Industries’s dividend payout ratio is currently 17.39%.

Analyst Ratings Changes

Several equities research analysts recently commented on TVK shares. 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 Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a research report on Sunday, July 14th. Canaccord Genuity Group set a C$91.00 target price on shares of TerraVest Industries and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, National Bankshares upped their price target on TerraVest Industries from C$89.00 to C$104.00 in a report on Thursday, August 15th.

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.