TerraVest Industries Inc. (TSE:TVK) to Issue $0.15 Quarterly Dividend

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Wednesday, August 14th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.15 per share on Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, September 30th.

TerraVest Industries Stock Performance

TSE:TVK opened at C$95.59 on Friday. TerraVest Industries has a 52 week low of C$30.45 and a 52 week high of C$101.73. The company has a fifty day simple moving average of C$89.48 and a two-hundred day simple moving average of C$77.24. 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 company has a market cap of C$1.86 billion, a price-to-earnings ratio of 27.71 and a beta of 0.67.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.61 EPS 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 analyst estimates of C$223.20 million. As a group, equities analysts anticipate that TerraVest Industries will post 4.4533821 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group set a C$91.00 target price on TerraVest Industries and gave the stock a “buy” rating in a research note on Monday, June 10th. 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. National Bank Financial upgraded shares of TerraVest Industries to a “strong-buy” rating in a research note on Sunday, July 14th. Finally, Desjardins set a C$95.00 price objective on shares of TerraVest Industries and gave the company a “buy” rating in a research note on Thursday, July 4th.

Insider Buying and Selling

In other news, insider Charles Pellerin sold 1,600 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$100.26, for a total transaction of C$160,416.00. In related news, insider Pierre Fournier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$75.23, for a total transaction of C$37,615.00. Also, insider Charles Pellerin sold 1,600 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$100.26, for a total transaction of C$160,416.00. Insiders sold 27,400 shares of company stock valued at $2,728,031 over the last ninety days. Corporate insiders own 29.70% of the company’s stock.

TerraVest Industries Company Profile

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.