Leeward Investments LLC MA Reduces Stock Holdings in Cactus, Inc. (NYSE:WHD)

Leeward Investments LLC MA lessened its holdings in Cactus, Inc. (NYSE:WHD) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 276,523 shares of the company’s stock after selling 965 shares during the quarter. Leeward Investments LLC MA owned 0.35% of Cactus worth $16,500,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Cactus by 33.8% in the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after acquiring an additional 340 shares during the period. SG Americas Securities LLC purchased a new position in Cactus in the first quarter valued at $115,000. Covestor Ltd raised its position in shares of Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after acquiring an additional 1,795 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Cactus during the 1st quarter worth about $182,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after acquiring an additional 307 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on WHD shares. Stifel Nicolaus reduced their price target on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research report on Monday. Citigroup increased their price objective on Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Bank of America increased their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, Piper Sandler lowered their price target on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.40.

Cactus Stock Performance

NYSE WHD opened at $69.33 on Thursday. The stock has a fifty day simple moving average of $60.00 and a 200-day simple moving average of $56.18. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.52 billion, a PE ratio of 24.59, a P/E/G ratio of 2.92 and a beta of 1.95. Cactus, Inc. has a twelve month low of $37.58 and a twelve month high of $69.77.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts anticipate that Cactus, Inc. will post 3.05 earnings per share for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.75%. Cactus’s dividend payout ratio is presently 18.44%.

Insider Buying and Selling

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now directly owns 36,357 shares of the company’s stock, valued at $2,230,501.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.84% of the stock is owned by corporate insiders.

Cactus 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.