TerraVest Industries Inc. (TSE:TVK) Director Sells C$9,801,000.00 in Stock

TerraVest Industries Inc. (TSE:TVK - Get Free Report) Director Dustin Haw sold 60,000 shares of the business's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total transaction of C$9,801,000.00.

TerraVest Industries Trading Up 2.1%

Shares of TVK stock traded up C$3.49 on Tuesday, reaching C$173.51. 37,037 shares of the stock were exchanged, 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 stock has a market cap of C$3.41 billion, a P/E ratio of 51.19 and a beta of 0.66. 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 firm has a 50 day moving average of C$150.35 and a two-hundred day moving average of C$131.42.

TerraVest Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were paid 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 annualized dividend and a yield of 0.40%. TerraVest Industries's dividend payout ratio is currently 17.70%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TVK. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$134.00 to C$190.00 in a research report on Friday, May 2nd. BMO Capital Markets upgraded TerraVest Industries to a "hold" rating in a report on Tuesday, May 27th. Canaccord Genuity Group increased their price target on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Scotiabank lifted their price objective 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. Finally, National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average 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.