TerraVest Industries (TSE:TVK) Reaches New 12-Month High at $99.90

TerraVest Industries Inc. (TSE:TVK)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$99.90 and last traded at C$98.90, with a volume of 4300 shares traded. The stock had previously closed at C$98.84.

Analyst Ratings Changes

A number of research analysts have issued reports on TVK shares. Desjardins set a C$95.00 target price on shares of TerraVest Industries and gave the company a “buy” rating in a report on Thursday, July 4th. National Bankshares upped their target price on shares of TerraVest Industries from C$89.00 to C$104.00 in a report on Thursday, August 15th. Canaccord Genuity Group set a C$91.00 target price on shares of TerraVest Industries and gave the company a “buy” rating in a report on Monday, June 10th. Finally, National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a report on Sunday, July 14th.

TerraVest Industries Price Performance

The company has a 50 day moving average of C$86.16 and a 200-day moving average of C$75.35. The stock has a market capitalization of C$1.94 billion, a P/E ratio of 28.81 and a beta of 0.67. The company has a quick ratio of 0.91, a current ratio of 2.32 and a debt-to-equity ratio of 71.72.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.82 by C($0.21). TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. The firm had revenue of C$238.13 million for the quarter, compared to the consensus estimate of C$223.20 million. Sell-side analysts predict that TerraVest Industries Inc. will post 4.4472247 EPS for the current year.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, September 30th. TerraVest Industries’s dividend payout ratio is presently 17.39%.

Insiders Place Their Bets

In other TerraVest Industries news, insider Pierre Fournier sold 500 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total value of C$37,615.00. In other news, insider Charles Pellerin sold 5,300 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total transaction of C$530,000.00. Also, insider Pierre Fournier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$75.23, for a total value of C$37,615.00. 29.70% of the stock is owned by corporate 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.