Dustin Haw Sells 60,000 Shares of TerraVest Industries Inc. (TSE:TVK) Stock

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

TerraVest Industries Stock Performance

Shares of TSE:TVK traded down C$0.93 during midday trading on Friday, hitting C$167.81. The stock had a trading volume of 180,297 shares, compared to its average volume of 105,074. The company has a market capitalization of C$3.29 billion, a PE ratio of 49.51 and a beta of 0.66. 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 50 day moving average price of C$149.79 and a two-hundred day moving average price of C$130.99. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a $0.175 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.42%. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. TerraVest Industries's dividend payout ratio is currently 17.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TVK shares. National Bank Financial raised shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. BMO Capital Markets raised shares of 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 boosted their price objective for the stock from C$134.00 to C$190.00 in a research note on Friday, May 2nd. Canaccord Genuity Group raised their target price 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. Finally, Desjardins raised TerraVest Industries to a "moderate buy" rating and boosted their target price for the company from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TerraVest Industries presently 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.