TerraVest Industries Inc. Declares Quarterly Dividend of $0.15 (TSE:TVK)

TerraVest Industries Inc. (TSE:TVK) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.15 per share on Wednesday, July 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, June 28th.

TerraVest Industries Stock Performance

TSE TVK opened at C$71.77 on Wednesday. The firm has a market capitalization of C$1.40 billion, a P/E ratio of 21.75 and a beta of 0.64. The company has a current ratio of 2.34, a quick ratio of 0.91 and a debt-to-equity ratio of 128.21. The firm’s fifty day moving average price is C$74.32 and its two-hundred day moving average price is C$60.20. TerraVest Industries has a 1 year low of C$27.84 and a 1 year high of C$82.93.

TerraVest Industries (TSE:TVK) last released 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 net margin of 7.95% and a return on equity of 28.07%. As a group, research analysts anticipate that TerraVest Industries will post 0.78 EPS for the current year.

Insider Activity at TerraVest Industries

In other TerraVest Industries news, Senior Officer Mitchell Jordan Gilbert sold 52,000 shares of TerraVest Industries stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$78.50, for a total transaction of C$4,082,000.00. In other news, Director Dustin Haw sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$75.73, for a total value of C$1,135,950.00. Also, Senior Officer Mitchell Jordan Gilbert sold 52,000 shares of TerraVest Industries stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$78.50, for a total value of C$4,082,000.00. In the last quarter, insiders have sold 156,000 shares of company stock worth $11,827,200. Company insiders own 30.22% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$91.00 price target on TerraVest Industries and gave the stock a “buy” rating in a research report on Monday, June 10th.

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.