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

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

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

• On Monday, October 14th, Pierre Fournier acquired 150 shares of TerraVest Industries stock. The stock was purchased at an average cost of C$95.30 per share, for a total transaction of C$14,295.00.

TerraVest Industries Stock Performance

TSE TVK opened at C$101.82 on Friday. The firm’s fifty day moving average price is C$97.34 and its two-hundred day moving average price is C$82.59. The stock has a market cap of C$1.99 billion, a PE ratio of 29.51 and a beta of 0.66. TerraVest Industries Inc. has a fifty-two week low of C$30.45 and a fifty-two week high of C$104.39. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32.

TerraVest Industries (TSE:TVK) last posted its 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). The company had revenue of C$238.13 million for the quarter, compared to the consensus estimate 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 analysts expect that TerraVest Industries Inc. will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The firm also recently declared 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 of this dividend was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.59%. TerraVest Industries’s dividend payout ratio (DPR) is presently 17.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. National Bank Financial raised shares of TerraVest Industries to a “strong-buy” rating in a research note on Sunday, July 14th. National Bankshares boosted their target price on shares of TerraVest Industries from C$89.00 to C$104.00 in a research note on Thursday, August 15th. Finally, Desjardins set a C$95.00 target price on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th.

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.