TerraVest Industries (TSE:TVK) Reaches New 1-Year High - Time to Buy?

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$154.99 and last traded at C$153.00, with a volume of 27694 shares trading hands. The stock had previously closed at C$147.66.

Analyst Ratings Changes

Several equities research analysts have commented on TVK shares. Scotiabank boosted their target price on TerraVest Industries from C$141.00 to C$171.00 and gave the stock an "outperform" rating in a report on Monday. Desjardins increased their price objective on shares of TerraVest Industries from C$150.00 to C$172.00 and gave the company a "buy" rating in a research report on Monday. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$134.00 to C$190.00 in a report on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, TerraVest Industries currently has a consensus rating of "Moderate Buy" and an average price target of C$158.80.

TerraVest Industries Stock Performance

The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The stock has a market cap of C$3.19 billion, a P/E ratio of 47.93 and a beta of 0.66. The business's 50-day moving average price is C$132.72 and its 200-day moving average price is C$123.12.

TerraVest Industries Increases Dividend

The company also recently announced 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. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. TerraVest Industries's dividend payout ratio (DPR) is presently 17.70%.

About TerraVest Industries

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.