TerraVest Industries Inc. (TSE:TVK) Insider Pierre Fournier Buys 150 Shares of Stock

TerraVest Industries Inc. (TSE:TVK) insider Pierre Fournier acquired 150 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were purchased at an average cost of C$95.30 per share, for a total transaction of C$14,295.00.

TerraVest Industries Price Performance

TVK opened at C$99.94 on Tuesday. The stock’s 50 day simple moving average is C$96.16 and its 200 day simple moving average is C$81.97. The company has a debt-to-equity ratio of 71.72, a current ratio of 2.32 and a quick ratio of 0.91. TerraVest Industries Inc. has a 1 year low of C$30.45 and a 1 year high of C$104.39. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of 28.97 and a beta of 0.66.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.21). The business had revenue of C$238.13 million during the quarter, compared to the consensus estimate of C$223.20 million. TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. As a group, analysts predict that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.

TerraVest Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a $0.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.60%. TerraVest Industries’s dividend payout ratio is currently 17.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TVK shares. Desjardins set a C$95.00 price objective on TerraVest Industries and gave the company a “buy” rating in a report on Thursday, July 4th. National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a research report on Sunday, July 14th. Finally, National Bankshares raised their price target on TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th.

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.