TerraVest Industries Inc. (TSE:TVK) Insider Charles Pellerin Sells 1,600 Shares

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 1,600 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$100.26, for a total transaction of C$160,416.00.

Charles Pellerin also recently made the following trade(s):

• On Wednesday, September 18th, Charles Pellerin sold 5,300 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.00, for a total value of C$530,000.00.

TerraVest Industries Stock Down 2.6 %

Shares of TSE:TVK traded down C$2.56 during trading on Friday, hitting C$97.44. The stock had a trading volume of 45,617 shares, compared to its average volume of 32,759. The company has a market capitalization of C$1.90 billion, a PE ratio of 28.24 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. The firm’s fifty day moving average is C$87.20 and its 200 day moving average is C$75.81. TerraVest Industries Inc. has a 12 month low of C$30.45 and a 12 month high of C$101.73.

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

TerraVest Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.62%. TerraVest Industries’s payout ratio is 17.39%.

Analyst Ratings Changes

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

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.