TerraVest Industries (TSE:TVK) Rating Lowered to Hold at National Bank Financial

National Bank Financial lowered shares of TerraVest Industries (TSE:TVK - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports. National Bank Financial also issued estimates for TerraVest Industries' Q4 2024 earnings at $0.60 EPS.

Separately, National Bankshares increased their price target on shares of TerraVest Industries from C$104.00 to C$128.00 in a report on Tuesday.

TerraVest Industries Trading Up 0.5 %

TVK stock traded up C$0.57 during mid-day trading on Monday, reaching C$115.00. The company's stock had a trading volume of 10,073 shares, compared to its average volume of 32,324. 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 has a 12 month low of C$35.02 and a 12 month high of C$125.72. The business's 50 day moving average price is C$105.36 and its 200 day moving average price is C$89.24. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 33.17 and a beta of 0.66.

Insider Activity

In related news, Director Dustin Haw sold 20,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total transaction of C$2,000,000.00. Also, insider Charles Pellerin sold 5,300 shares of the 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 the last three months, insiders have sold 113,700 shares of company stock worth $11,556,134. 29.81% of the stock is currently owned by company 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.