TerraVest Industries (TSE:TVK) Sets New 52-Week High – Here’s What Happened

TerraVest Industries Inc. (TSE:TVK) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$150.27 and last traded at C$150.26, with a volume of 11164 shares. The stock had previously closed at C$148.21.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Desjardins increased their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Canaccord Genuity Group upped their target price on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. National Bankshares lifted their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 18th. Finally, Scotiabank raised their price objective on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, TerraVest Industries presently has an average rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Price Performance

The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company’s 50 day simple moving average is C$124.65 and its 200 day simple moving average is C$114.22. The company has a market capitalization of C$2.88 billion, a PE ratio of 43.24 and a beta of 0.66.

TerraVest Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.48%. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 31st. TerraVest Industries’s dividend payout ratio (DPR) is 17.70%.

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.