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

TerraVest Industries Inc. Insider (TSE:TVK – Get Your Free Report ) 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 $100.26, for a total transaction of $160,416.00.

Charles Pellerin also recently made the following trades:

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

TerraVest Industries stock fell 2.6%

Shares of TSE:TVK traded up $2.56 during trading on Friday, hitting $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 cap of $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 company’s fifty day moving average is $87.20 and its 200 day moving average is $75.81. TerraVest Industries Inc. has a 12-month low of $30.45 and a 12-month high of $101.73.

TerraVest Industries (TSE:TVK – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.82 by C($0.21). The firm had revenue of $238.13 million during the quarter, compared to analysts’ expectations of $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 record 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 given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30. This represents an annualized dividend of $0.60 and a dividend yield of 0.62%. TerraVest Industries’ payout ratio is 17.39%.

Changes in Analyst Ratings

TVK has been the subject of several recent analyst reports. Canaccord Genuity Group set a $91.00 target price 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 $89.00 to $104.00 in a report on Thursday, August 15th. Desjardins set a $95.00 target price 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.

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TerraVest Industries Company Profile

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TerraVest Industries Inc manufactures and sells goods and services for the energy, agriculture, mining, transportation and other markets in Canada and the United States. It operates through four segments: Residential Heating and Cooling Products (HVAC Equipment); Compressed gas storage and distribution equipment (Compressed gas equipment); Energy processing equipment (Processing equipment); and Service.

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