TerraVest Industries (TSE:TVK) Stock Crosses Above 50-Day Moving Average - What's Next?

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$148.34 and traded as high as C$164.20. TerraVest Industries shares last traded at C$164.00, with a volume of 86,382 shares trading hands.

Wall Street Analyst Weigh In

TVK has been the topic of a number of recent analyst reports. Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and lifted their price objective for the company from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$134.00 to C$190.00 in a research note on Friday, May 2nd. 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. 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 note on Thursday, May 22nd. Finally, BMO Capital Markets raised shares of TerraVest Industries to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$166.40.

TerraVest Industries Trading Up 3.1%

The business's 50 day simple moving average is C$148.98 and its two-hundred day simple moving average is C$130.30. The stock has a market cap of C$3.31 billion, a P/E ratio of 49.78 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors 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 was Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.41%. TerraVest Industries's payout ratio is currently 17.70%.

Insider Buying and Selling

In other TerraVest Industries news, Director Charles Pellerin sold 26,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$171.03, for a total transaction of C$4,446,780.00. 29.81% of the stock is currently owned by insiders.

TerraVest Industries Company Profile

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.