TerraVest Industries (TSE:TVK) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Key Points

• TerraVest Industries' stock price recently dipped below its 50-day moving average of C$167.31, trading as low as C$166.59 before closing at C$170.31.
• Equities research analysts are optimistic about the company, with several upgrades: Scotiabank raised its target price to C$176.00 and rated it "outperform," while Canaccord Genuity increased their target to C$200.00 and assigned a "buy" rating.
• TerraVest announced a quarterly dividend of $0.175, equating to an annualized yield of 0.41% and indicating a payout ratio of 17.70%.

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$167.31 and traded as low as C$166.59. TerraVest Industries shares last traded at C$170.31, with a volume of 44,789 shares changing hands.

Wall Street Analysts Forecast Growth

TVK has been the subject of a number of research reports. 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. Canaccord Genuity Group upped their target price on 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. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and raised their price objective for the company from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. Finally, Scotiabank boosted their target price on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$185.25.

TerraVest Industries Stock Performance

The stock has a 50-day moving average of C$167.78 and a 200 day moving average of C$146.79. 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 firm has a market capitalization of C$3.28 billion, a P/E ratio of 49.28 and a beta of 0.66.

TerraVest Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, July 10th were given a dividend of $0.175 per share. The ex-dividend date was Monday, June 30th. This represents a $0.70 annualized dividend and a yield of 0.4%. TerraVest Industries's dividend payout ratio is 17.70%.

Insider Transactions at TerraVest Industries

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of the firm's 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 transaction of C$331,504.00. Also, Director Dustin Haw sold 60,000 shares of the business's stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. Over the last three months, insiders have sold 104,000 shares of company stock worth $17,230,544. Corporate insiders own 29.81% of the company's stock.

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.