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

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

TerraVest Industries Trading Up 0.2%

TerraVest Industries stock traded up C$0.29 during midday trading on Tuesday, reaching C$169.10. 60,783 shares of the stock traded hands, compared to its average volume of 97,331. The company has a 50-day simple moving average of C$163.83 and a two-hundred day simple moving average of C$138.47. 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 has a 12-month low of C$69.71 and a 12-month high of C$176.64. The firm has a market cap of C$3.32 billion, a PE ratio of 49.89 and a beta of 0.66.

Analyst Ratings Changes

Several brokerages recently issued reports on TVK. Desjardins upgraded TerraVest Industries to a "moderate buy" rating and lifted their price objective for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Scotiabank boosted their price target 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. Canaccord Genuity Group raised their target price on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$185.25.

Insiders Place Their Bets

In other TerraVest Industries news, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$163.35, for a total value of C$9,801,000.00. Also, Director Charles Pellerin sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Insiders have sold 102,000 shares of company stock valued at $16,899,040 in the last three months. 29.81% of the stock is currently owned by corporate insiders.

TerraVest Industries Company Profile

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.