TerraVest Industries Inc. (TSE:TVK - Get Free Report) Director Pierre Fournier sold 2,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$169.93, for a total transaction of C$339,860.00.
TerraVest Industries Stock Up 1.0%
Shares of TSE:TVK traded up C$1.66 during trading on Thursday, reaching C$170.26. 54,570 shares of the company traded hands, compared to its average volume of 97,942. The firm has a market cap of C$3.34 billion, a P/E ratio of 50.23 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. TerraVest Industries Inc. has a 1-year low of C$69.71 and a 1-year high of C$176.64. The firm has a fifty day simple moving average of C$162.44 and a 200 day simple moving average of C$137.60.
TerraVest Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.175 dividend. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.41%. TerraVest Industries's dividend payout ratio is currently 17.70%.
Analysts Set New Price Targets
TVK has been the subject of several research reports. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$134.00 to C$190.00 in a research note on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Scotiabank upped their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group boosted 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 research report on Thursday, May 22nd. Finally, Desjardins upgraded TerraVest Industries to a "moderate buy" rating and raised their price target 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TerraVest Industries presently has an average rating of "Buy" and an average price target of C$185.25.
View Our Latest Stock Report on TVK
About TerraVest Industries
(
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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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