Insider Selling: TerraVest Industries Inc. (TSE:TVK) Insider Sells C$37,615.00 in Stock

TerraVest Industries Inc. (TSE:TVK) insider Pierre Fournier sold 500 shares of TerraVest Industries stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total value of C$37,615.00.

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

• On Thursday, June 6th, Pierre Fournier sold 300 shares of TerraVest Industries stock. The shares were sold at an average price of C$76.41, for a total value of C$22,923.00.

TerraVest Industries Stock Up 3.8 %

Shares of TVK opened at C$76.78 on Monday. TerraVest Industries Inc. has a 52-week low of C$30.45 and a 52-week high of C$82.93. The company has a quick ratio of 0.91, a current ratio of 2.34 and a debt-to-equity ratio of 128.21. The stock has a fifty day simple moving average of C$74.11 and a two-hundred day simple moving average of C$64.09. The company has a market capitalization of C$1.49 billion, a PE ratio of 23.27 and a beta of 0.64.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$1.19 earnings per share (EPS) for the quarter. TerraVest Industries had a net margin of 7.95% and a return on equity of 28.07%. The firm had revenue of C$214.94 million during the quarter. As a group, equities analysts forecast that TerraVest Industries Inc. will post 0.78 EPS for the current year.

TerraVest Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. TerraVest Industries’s dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

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