Cactus, Inc. (NYSE:WHD) EVP William D. Marsh Sells 2,059 Shares of Stock

Cactus, Inc. (NYSE:WHD) EVP William D. Marsh sold 2,059 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $51.03, for a total transaction of $105,070.77. Following the transaction, the executive vice president now owns 1,852 shares of the company’s stock, valued at approximately $94,507.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cactus Price Performance

WHD traded down $0.16 on Friday, hitting $50.95. 59,229 shares of the company’s stock were exchanged, compared to its average volume of 596,844. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 9.11 and a beta of 1.95. Cactus, Inc. has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The firm has a 50-day moving average price of $49.65 and a 200-day moving average price of $45.63. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

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

Cactus Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on WHD. Benchmark reaffirmed a “hold” rating on shares of Cactus in a research report on Monday. Bank of America raised their target price on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. Finally, Barclays raised their price objective on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.14.

Institutional Trading of Cactus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates boosted its position in shares of Cactus by 12.8% during the 3rd quarter. Raymond James & Associates now owns 145,450 shares of the company’s stock worth $7,303,000 after purchasing an additional 16,526 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cactus by 27.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,017 shares of the company’s stock valued at $654,000 after buying an additional 2,772 shares during the period. Strs Ohio lifted its stake in Cactus by 5.1% during the 3rd quarter. Strs Ohio now owns 122,500 shares of the company’s stock worth $6,150,000 after acquiring an additional 5,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cactus by 4.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,526 shares of the company’s stock valued at $1,432,000 after acquiring an additional 1,177 shares during the period. Finally, Advisor Partners II LLC acquired a new position in shares of Cactus in the third quarter valued at approximately $250,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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.