Cactus, Inc. (NYSE:WHD) President Joel Bender Sells 201,585 Shares

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 201,585 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the transaction, the president now owns 555,001 shares of the company’s stock, valued at $28,876,702.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Joel Bender also recently made the following trade(s):

• On Thursday, May 9th, Joel Bender sold 358,458 shares of Cactus stock. The shares were sold at an average price of $51.10, for a total transaction of $18,317,203.80.

Cactus Stock Up 1.1 %

WHD traded up $0.55 during trading on Thursday, hitting $51.11. 900,044 shares of the company’s stock were exchanged, compared to its average volume of 603,238. The stock has a market cap of $4.06 billion, a P/E ratio of 20.36, a PEG ratio of 9.11 and a beta of 1.95. The business’s 50 day moving average is $49.54 and its two-hundred day moving average is $45.59. Cactus, Inc. has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. As a group, equities analysts expect that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. Cactus’s payout ratio is 19.12%.

Institutional Investors Weigh In On Cactus

A number of institutional investors and hedge funds have recently bought and sold shares of WHD. Principal Securities Inc. purchased a new position in Cactus during the 4th quarter worth $30,000. NBC Securities Inc. purchased a new position in Cactus during the third quarter worth about $36,000. GAMMA Investing LLC bought a new stake in Cactus in the 4th quarter worth about $33,000. Signaturefd LLC grew its position in Cactus by 164.5% in the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after purchasing an additional 533 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Cactus during the 3rd quarter worth approximately $70,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on WHD. Barclays upped their price target on shares of Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday. Benchmark reiterated a “hold” rating on shares of Cactus in a report on Monday. Finally, Bank of America increased their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.14.

About Cactus

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.