Charles Pellerin Sells 14,000 Shares of TerraVest Industries Inc. (TSE:TVK) Stock

TerraVest Industries Inc. (TSE:TVK - Get Free Report) Director Charles Pellerin sold 14,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total value of C$2,311,400.00.

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

• On Friday, May 16th, Charles Pellerin sold 26,000 shares of TerraVest Industries stock. The shares were sold at an average price of C$171.03, for a total transaction of C$4,446,780.00.

TerraVest Industries Stock Up 2.1%

Shares of TVK traded up C$3.49 during mid-day trading on Tuesday, reaching C$173.51. The company's stock had a trading volume of 37,037 shares, compared to its average volume of 105,322. TerraVest Industries Inc. has a 1 year low of C$67.66 and a 1 year high of C$176.64. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The company has a market cap of C$3.41 billion, a price-to-earnings ratio of 51.19 and a beta of 0.66. The business has a fifty day moving average of C$150.35 and a 200 day moving average of C$131.42.

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were given a dividend of $0.175 per share. The ex-dividend date was Monday, March 31st. This is a positive change from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 0.40%. TerraVest Industries's dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TVK. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a report on Tuesday, May 27th. Desjardins upgraded shares of TerraVest Industries to a "moderate buy" rating and lifted their price target for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Scotiabank increased their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$166.40.

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.