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

TerraVest Industries Inc. (TSE:TVK - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$152.89 and traded as high as C$169.63. TerraVest Industries shares last traded at C$169.63, with a volume of 49,052 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TVK shares. Desjardins upgraded shares of TerraVest Industries to a "moderate buy" rating and lifted their target price for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. BMO Capital Markets raised shares of TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Canaccord Genuity Group lifted 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 report on Thursday, May 22nd. Scotiabank increased their price objective 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. Finally, National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, TerraVest Industries currently has an average rating of "Buy" and an average price target of C$166.40.

TerraVest Industries Stock Performance

The company's 50-day moving average price is C$152.89 and its two-hundred day moving average price is C$133.09. The company has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 49.61 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.42%. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 31st. TerraVest Industries's payout ratio is currently 17.70%.

Insider Activity at TerraVest Industries

In other TerraVest Industries news, Director Charles Pellerin sold 26,000 shares of TerraVest Industries stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$171.03, for a total value of C$4,446,780.00. Also, 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. Insiders have sold a total of 100,000 shares of company stock worth $16,559,180 in the last 90 days. Corporate insiders own 29.81% of the company's stock.

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.