Charles Pellerin Sells 69,000 Shares of TerraVest Industries Inc. (TSE:TVK) Stock

TerraVest Industries Inc. (TSE:TVK) insider Charles Pellerin sold 69,000 shares of TerraVest Industries stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of C$102.56, for a total transaction of C$7,076,640.00.

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

• On Thursday, October 3rd, Charles Pellerin sold 17,800 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.51, for a total value of C$1,789,078.00.
• On Friday, September 20th, Charles Pellerin sold 1,600 shares of TerraVest Industries stock. The stock was sold at an average price of C$100.26, for a total value of C$160,416.00.
• 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 transaction of C$530,000.00.

TerraVest Industries Price Performance

Shares of TSE TVK opened at C$99.54 on Friday. 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 stock’s 50-day simple moving average is C$92.76 and its two-hundred day simple moving average is C$79.90. The firm has a market capitalization of C$1.94 billion, a P/E ratio of 28.85 and a beta of 0.66. TerraVest Industries Inc. has a twelve month low of C$30.45 and a twelve month high of C$104.39.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts anticipate that TerraVest Industries Inc. will post 4.4497283 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

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

Wall Street Analyst Weigh In

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

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.