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, July 11th. The shares were sold at an average price of C$165.75, for a total value of C$331,504.00.

Pierre Fournier also recently made the following trade(s):

• On Friday, June 20th, Pierre Fournier sold 2,000 shares of TerraVest Industries stock. The shares were sold at an average price of C$169.93, for a total value of C$339,860.00.

TerraVest Industries Stock Down 0.2%

Shares of TerraVest Industries stock traded down C$0.27 during trading on Thursday, hitting C$167.29. 13,554 shares of the stock traded hands, compared to its average volume of 90,932. The firm has a market cap of C$3.28 billion, a P/E ratio of 49.36 and a beta of 0.66. 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 Inc. has a 52-week low of C$73.00 and a 52-week high of C$176.64. The stock's fifty day simple moving average is C$167.36 and its 200 day simple moving average is C$144.18.

TerraVest Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.70 annualized dividend and a dividend yield of 0.42%. TerraVest Industries's dividend payout ratio is currently 17.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TVK. Scotiabank increased 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. BMO Capital Markets upgraded TerraVest Industries to a "hold" rating in a report on Tuesday, May 27th. National Bankshares upgraded 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. Canaccord Genuity Group increased their price target on TerraVest Industries from C$170.00 to C$200.00 and gave the company 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 research note on Friday, May 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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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