Cactus, Inc. (NYSE:WHD) EVP Sells $105,070.77 in Stock

Cactus, Inc. (NYSE:WHD) EVP William D. Marsh sold 2,059 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $51.03, for a total transaction of $105,070.77. Following the completion of the transaction, the executive vice president now directly owns 1,852 shares in the company, valued at approximately $94,507.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cactus Stock Up 1.1 %

WHD stock traded up $0.55 during trading hours on Thursday, reaching $51.11. 900,044 shares of the stock were exchanged, compared to its average volume of 603,238. The firm’s 50-day moving average is $49.54 and its 200-day moving average is $45.59. Cactus, Inc. has a 12 month low of $31.36 and a 12 month high of $57.00. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 9.11 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17.

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

Cactus Dividend Announcement

The firm 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, May 24th. Cactus’s dividend payout ratio (DPR) is currently 19.12%.

Institutional Investors Weigh In On Cactus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in Cactus by 198.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 208,010 shares of the company’s stock worth $9,444,000 after acquiring an additional 138,294 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Cactus by 1.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock valued at $88,127,000 after buying an additional 26,185 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Cactus by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,530 shares of the company’s stock worth $28,747,000 after buying an additional 18,673 shares during the last quarter. FMR LLC raised its position in Cactus by 181.5% during the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Cactus by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 8,979 shares of the company’s stock valued at $451,000 after acquiring an additional 1,071 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WHD has been the topic of a number of analyst reports. Barclays increased their price target on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of Cactus in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.14.

Cactus Company Profile

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.