TerraVest Industries Inc. (TSE:TVK) Director Sells C$6,311,250.00 in Stock

TerraVest Industries Inc. (TSE:TVKGet Free Report) Director Dale Laniuk sold 85,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$74.25, for a total transaction of C$6,311,250.00. Following the transaction, the director now owns 553 shares of the company’s stock, valued at C$41,060.25.

TerraVest Industries Stock Performance

TSE TVK opened at C$75.44 on Tuesday. The company has a debt-to-equity ratio of 128.21, a current ratio of 2.34 and a quick ratio of 0.91. The stock’s 50 day simple moving average is C$73.47 and its 200-day simple moving average is C$57.22. The company has a market cap of C$1.47 billion, a PE ratio of 23.11 and a beta of 0.64. TerraVest Industries Inc. has a 1-year low of C$26.76 and a 1-year high of C$82.93.

TerraVest Industries (TSE:TVKGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$214.94 million for the quarter. TerraVest Industries had a return on equity of 28.07% and a net margin of 7.95%. As a group, equities research analysts anticipate that TerraVest Industries Inc. will post 0.78 EPS for the current fiscal year.

TerraVest Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, June 28th. TerraVest Industries’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$91.00 target price on shares of TerraVest Industries and gave the stock a “buy” rating in a research note on Monday.

Check Out Our Latest Research Report on TVK

TerraVest Industries Company Profile

(Get Free Report)

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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