TerraVest Industries Inc (TSE:TVK) Insider Clarke Inc. Sells 494,302 Shares of Stock

TerraVest Industries Inc (TSE:TVK) insider Clarke Inc. sold 494,302 shares of TerraVest Industries stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$15.65, for a total value of C$7,735,826.30.

TVK opened at C$15.15 on Wednesday. The firm has a market cap of $306.16 million and a price-to-earnings ratio of 12.35. The company has a debt-to-equity ratio of 114.91, a quick ratio of 1.07 and a current ratio of 2.57. The firm’s 50-day simple moving average is C$15.89 and its 200-day simple moving average is C$14.57. TerraVest Industries Inc has a twelve month low of C$9.50 and a twelve month high of C$17.25.

TerraVest Industries (TSE:TVK) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$86.75 million during the quarter. As a group, sell-side analysts anticipate that TerraVest Industries Inc will post 0.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, July 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, June 29th. TerraVest Industries’s payout ratio is currently 32.60%.

About TerraVest Industries

TerraVest Industries Inc, together with its subsidiaries, manufactures and sells goods and services to energy, agriculture, mining, and transportation markets in Canada and the United States. It operates through three segments: Fuel Containment, Processing Equipment, and Service. The Fuel Containment segment manufactures bulk liquefied petroleum gas (LPG) transport trailers, LPG delivery and service trucks, LPG storage tanks, residential and commercial LPG tanks and dispensers, custom pressure vessels, commercial and residential refined fuel tanks, and furnaces and boilers.

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