TerraVest Industries (TSE:TVK) Shares Cross Above Fifty Day Moving Average of $89.87

TerraVest Industries Inc. (TSE:TVK)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$89.87 and traded as high as C$96.55. TerraVest Industries shares last traded at C$96.11, with a volume of 14,227 shares.

Analysts Set New Price Targets

Several research firms have commented on TVK. 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. National Bankshares boosted their price objective on shares of TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th. Desjardins set a C$95.00 target price on TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th. Finally, National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a research note on Sunday, July 14th.

TerraVest Industries Trading Up 0.5 %

The business’s 50 day moving average price is C$89.87 and its two-hundred day moving average price is C$77.69. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 27.86 and a beta of 0.67. The company has a current ratio of 2.32, a quick ratio of 0.91 and a debt-to-equity ratio of 71.72.

TerraVest Industries (TSE:TVK) last posted its earnings results 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). TerraVest Industries had a return on equity of 24.63% and a net margin of 7.60%. The company had revenue of C$238.13 million for the quarter, compared to the consensus estimate of C$223.20 million. On average, equities analysts predict that TerraVest Industries Inc. will post 4.4533821 earnings per share for the current fiscal year.

TerraVest Industries Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 0.62%. TerraVest Industries’s dividend payout ratio is presently 17.39%.

Insider Activity

In other news, insider Charles Pellerin sold 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$530,000.00. In other news, Director Dustin Haw sold 20,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$2,000,000.00. Also, insider Charles Pellerin sold 5,300 shares of TerraVest Industries stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$530,000.00. Over the last three months, insiders have sold 27,400 shares of company stock valued at $2,728,031. 29.70% of the stock is currently owned by corporate insiders.

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.