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

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

Cactus Trading Up 1.1 %

WHD traded up $0.55 on Thursday, reaching $51.11. 900,044 shares of the company traded hands, compared to its average volume of 603,238. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.06 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 9.11 and a beta of 1.95. The firm has a fifty day simple moving average of $49.54 and a two-hundred day simple moving average of $45.59. Cactus, Inc. has a one year low of $31.36 and a one year high of $57.00.

Cactus (NYSE:WHD) last announced its quarterly 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 firm had revenue of $274.12 million during the quarter, compared to analyst estimates of $270.70 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. Cactus’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, equities research analysts expect that Cactus, Inc. will post 2.87 earnings per share for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. Cactus’s payout ratio is currently 19.12%.

Analyst Ratings Changes

A number of brokerages have issued reports on WHD. Benchmark restated a “hold” rating on shares of Cactus in a research report on Monday. Barclays boosted their price objective on shares of Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Bank of America lifted their price target 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Cactus by 27.5% during the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after purchasing an additional 217 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cactus by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 18,375 shares of the company’s stock worth $923,000 after acquiring an additional 273 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Cactus by 2.6% during the 1st quarter. Gilbert & Cook Inc. now owns 14,016 shares of the company’s stock worth $702,000 after purchasing an additional 352 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Cactus by 2.8% during the third quarter. Los Angeles Capital Management LLC now owns 19,530 shares of the company’s stock valued at $981,000 after purchasing an additional 533 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Cactus by 164.5% in the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares during the last quarter. 85.11% of the stock is currently owned by 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.