TerraVest Industries Inc. (TSE:TVK) Director Pierre Fournier Sells 2,000 Shares

TerraVest Industries Inc. (TSE:TVK - Get Free Report) Director Pierre Fournier sold 2,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$169.93, for a total value of C$339,860.00.

TerraVest Industries Trading Up 1.4%

TSE TVK traded up C$2.42 during trading hours on Monday, hitting C$170.98. 305 shares of the company were exchanged, compared to its average volume of 98,733. TerraVest Industries Inc. has a 52 week low of C$68.58 and a 52 week 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 stock has a 50-day moving average price of C$159.77 and a 200 day moving average price of C$136.43. The stock has a market cap of C$3.36 billion, a PE ratio of 50.44 and a beta of 0.66.

TerraVest Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 0.41%. TerraVest Industries's dividend payout ratio (DPR) is currently 17.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research report on Tuesday, May 27th. Scotiabank raised their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. Finally, Desjardins raised TerraVest Industries to a "moderate buy" rating and increased their price objective 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, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TerraVest Industries currently has an average rating of "Buy" and an average target price of C$185.25.

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.

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