TerraVest Industries Inc. to Issue Quarterly Dividend of $0.18 (TSE:TVK)

TerraVest Industries Inc. (TSE:TVK - Get Free Report) announced a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Shareholders of record on Thursday, July 10th will be paid a dividend of 0.175 per share on Thursday, July 10th. This represents a $0.70 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, June 30th.

TerraVest Industries Trading Down 0.9%

Shares of TerraVest Industries stock traded down C$1.45 during midday trading on Friday, reaching C$168.81. 58,739 shares of the company's stock traded hands, compared to its average volume of 97,626. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The company has a market cap of C$3.31 billion, a PE ratio of 49.80 and a beta of 0.66. The stock has a 50 day moving average of C$163.10 and a 200-day moving average of C$137.92. TerraVest Industries has a 12 month low of C$69.71 and a 12 month high of C$176.64.

Insider Buying and Selling

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$169.93, for a total transaction of C$339,860.00. Also, Director Charles Pellerin sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$165.10, for a total value of C$2,311,400.00. Over the last 90 days, insiders sold 102,000 shares of company stock worth $16,899,040. 29.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TVK has been the subject of a number of recent analyst reports. Desjardins upgraded TerraVest Industries to a "moderate buy" rating and upped their target price for the company from C$172.00 to C$175.00 in a report on Thursday, May 22nd. Canaccord Genuity Group increased their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$134.00 to C$190.00 in a research note on Friday, May 2nd. Finally, Scotiabank increased their target price on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.

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