Cactus, Inc. (NYSE:WHD) Director Bruce M. Rothstein Sells 5,000 Shares

Cactus, Inc. (NYSE:WHD) Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the sale, the director now directly owns 12,177 shares of the company’s stock, valued at $794,183.94. The trade was a 29.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cactus Stock Up 0.1 %

Cactus stock opened at $65.29 on Thursday. 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 company has a market capitalization of $5.20 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 1.95. Cactus, Inc. has a 1-year low of $37.58 and a 1-year high of $70.01. The firm’s fifty day simple moving average is $61.87 and its 200-day simple moving average is $57.22.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, December 2nd. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Hedge Funds Weigh In On Cactus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after acquiring an additional 106,819 shares in the last quarter. Barclays PLC raised its position in Cactus by 429.4% in the 3rd quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after purchasing an additional 100,223 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Cactus during the third quarter worth $596,000. Weiss Asset Management LP acquired a new stake in shares of Cactus in the third quarter valued at $13,647,000. Finally, State Street Corp raised its holdings in shares of Cactus by 3.0% in the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock valued at $164,436,000 after buying an additional 81,149 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WHD. Stifel Nicolaus reduced their target price on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Bank of America raised their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.40.

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.