Insider Selling: TerraVest Industries Inc. (TSE:TVK) Director Sells 2,000 Shares of Stock

TerraVest Industries Inc. (TSE:TVK) Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$169.93, for a total value of C$339,860.00.

TerraVest Industries Price Performance

TVK stock opened at C$168.60 on Thursday. The stock has a 50-day moving average price of C$161.75 and a two-hundred day moving average price of C$137.25. The company has a market cap of C$3.31 billion, a PE ratio of 49.74 and a beta of 0.66. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. TerraVest Industries Inc. has a 12-month low of C$69.71 and a 12-month high of C$176.64.

TerraVest Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio is 17.70%.

Analyst Ratings Changes

Several research firms recently weighed in on TVK. Canaccord Genuity Group increased their target price on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Scotiabank upped their price objective on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. National Bankshares raised shares of TerraVest Industries from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. BMO Capital Markets upgraded shares of TerraVest Industries to a “hold” rating in a report on Tuesday, May 27th. Finally, National Bank Financial raised shares of TerraVest Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$185.25.

About TerraVest Industries

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service.