Shares of TerraVest Industries Inc. (TSE:TVK – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$144.50 and last traded at C$139.83, with a volume of 44080 shares traded. The stock had previously closed at C$131.04.
Analyst Ratings Changes
A number of analysts recently commented on the company. Scotiabank lifted their price objective on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. National Bankshares reduced their target price on TerraVest Industries from C$128.00 to C$126.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$109.50.
Check Out Our Latest Research Report on TerraVest Industries
TerraVest Industries Stock Performance
TerraVest Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s payout ratio is 17.70%.
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.
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