Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$105.03 and last traded at C$104.97, with a volume of 15523 shares traded. The stock had previously closed at C$101.84.
Analysts Set New Price Targets
A number of research firms recently issued reports on TVK. National Bank Financial raised shares of TerraVest Industries to a "strong-buy" rating in a research note on Sunday, July 14th. National Bankshares upped their price target on shares of TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th.
Check Out Our Latest Research Report on TVK
TerraVest Industries Trading Up 4.3 %
The stock has a market capitalization of C$2.07 billion, a PE ratio of 30.64 and a beta of 0.66. The company has a debt-to-equity ratio of 71.72, a current ratio of 2.32 and a quick ratio of 0.91. The company's 50 day moving average price is C$98.32 and its two-hundred day moving average price is C$83.96.
TerraVest Industries (TSE:TVK - Get Free Report) last issued its 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). 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 analyst estimates of C$223.20 million. As a group, analysts expect that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.
TerraVest Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, September 30th. TerraVest Industries's dividend payout ratio (DPR) is presently 17.39%.
Insider Activity
In other news, insider Charles Pellerin sold 5,300 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total value of C$530,000.00. In other news, insider Charles Pellerin sold 5,300 shares of the company's stock in a transaction 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. Also, Director Dustin Haw sold 20,000 shares of the firm's 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. In the last quarter, insiders have sold 113,700 shares of company stock valued at $11,556,134. 29.81% of the stock is currently owned by insiders.
About TerraVest Industries
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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.
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