TerraVest Industries (TSE:TVK) Stock Crosses Above 50 Day Moving Average - Should You Sell?

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$167.71 and traded as high as C$167.95. TerraVest Industries shares last traded at C$166.47, with a volume of 40,241 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TVK shares. BMO Capital Markets upgraded shares of TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Desjardins raised TerraVest Industries to a "moderate buy" rating and boosted their price objective for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group boosted their price objective 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$185.25.

TerraVest Industries Stock Performance

The stock has a market cap of C$3.17 billion, a price-to-earnings ratio of 47.59 and a beta of 0.66. The stock's 50 day moving average is C$167.71 and its two-hundred day moving average is C$141.71. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, July 10th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 30th. TerraVest Industries's dividend payout ratio is currently 17.70%.

Insider Buying and Selling

In other TerraVest Industries news, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction on 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 company's stock in a transaction 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. Insiders sold a total of 102,000 shares of company stock worth $16,899,040 in the last 90 days. Company 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.