TerraVest Industries Inc. (TSE:TVK) Insider Pierre Fournier Buys 150 Shares

TerraVest Industries Inc. (TSE:TVK - Get Free Report) insider Pierre Fournier acquired 150 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was purchased at an average cost of C$97.25 per share, with a total value of C$14,587.01.

Pierre Fournier also recently made the following trade(s):

• On Monday, October 14th, Pierre Fournier bought 150 shares of TerraVest Industries stock. The stock was bought at an average price of C$95.30 per share, with a total value of C$14,295.00.

TerraVest Industries Stock Up 0.8 %

Shares of TerraVest Industries stock traded up C$0.83 during midday trading on Thursday, reaching C$101.82. 28,235 shares of the company's stock traded hands, compared to its average volume of 32,189. The company has a market cap of C$1.99 billion, a price-to-earnings ratio of 29.43 and a beta of 0.66. The company's 50 day simple moving average is C$97.11 and its 200 day simple moving average is C$82.46. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32. TerraVest Industries Inc. has a 52 week low of C$30.45 and a 52 week high of C$104.39.

TerraVest Industries (TSE:TVK - Get Free Report) last released its quarterly 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). The business had revenue of C$238.13 million for the quarter, compared to the consensus estimate of C$223.20 million. TerraVest Industries had a net margin of 7.60% and a return on equity of 24.63%. Equities analysts expect that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current fiscal year.

TerraVest Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a $0.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.59%. TerraVest Industries's payout ratio is presently 17.39%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of TerraVest Industries to a "strong-buy" rating in a research report on Sunday, July 14th. National Bankshares increased their target price on shares of TerraVest Industries from C$89.00 to C$104.00 in a research report 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 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.