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

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$157.38 and traded as high as C$170.02. TerraVest Industries shares last traded at C$168.93, with a volume of 35,582 shares changing hands.

Wall Street Analyst Weigh In

TVK has been the topic of several recent research reports. 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. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Canaccord Genuity Group upped their price target on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and increased their price objective for the company from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$185.25.

TerraVest Industries Trading Up 0.1%

The stock has a fifty day simple moving average of C$157.38 and a 200 day simple moving average of C$135.32. 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 cap of C$3.32 billion, a P/E ratio of 49.84 and a beta of 0.66.

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 issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.41%. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. TerraVest Industries's dividend payout ratio (DPR) is presently 17.70%.

Insiders Place Their Bets

In other news, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. Also, Director Charles Pellerin sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. In the last 90 days, insiders sold 100,000 shares of company stock valued at $16,559,180. 29.81% of the stock is owned by insiders.

About TerraVest Industries

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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