Cactus, Inc. (NYSE:WHD) Stock Position Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in Cactus, Inc. (NYSE:WHD) by 36.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 363,951 shares of the company’s stock after acquiring an additional 97,570 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Cactus were worth $21,240,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. New York State Teachers Retirement System increased its holdings in shares of Cactus by 1.3% in the third quarter. New York State Teachers Retirement System now owns 15,500 shares of the company’s stock valued at $925,000 after buying an additional 200 shares in the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of Cactus by 0.6% in the 2nd quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company’s stock worth $1,678,000 after acquiring an additional 202 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cactus by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock worth $2,182,000 after purchasing an additional 301 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Insider Activity at Cactus

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,500 shares of company stock valued at $8,916,325. 16.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WHD has been the topic of several analyst reports. Bank of America lifted their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research 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 given a buy rating to the company. According to MarketBeat, Cactus currently has a consensus rating of “Hold” and a consensus price target of $56.40.

Cactus Stock Down 1.4 %

WHD stock opened at $62.88 on Thursday. The company has a 50 day moving average of $62.67 and a two-hundred day moving average of $60.80. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 5.47 and a beta of 1.98. Cactus, Inc. has a 12-month low of $38.79 and a 12-month high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same period last year, the company earned $0.80 earnings per share. Cactus’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. Cactus’s dividend payout ratio is 18.44%.

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.