Joel Bender Sells 358,458 Shares of Cactus, Inc. (NYSE:WHD) Stock

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 358,458 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $51.10, for a total transaction of $18,317,203.80. Following the transaction, the president now directly owns 156,586 shares of the company’s stock, valued at $8,001,544.60. The sale was disclosed in a document filed with the SEC, which is available through this link.

Joel Bender also recently made the following trade(s):

• On Tuesday, May 7th, Joel Bender sold 201,585 shares of Cactus stock. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55.

Cactus Stock Performance

NYSE WHD traded up $0.55 on Thursday, hitting $51.11. The stock had a trading volume of 900,044 shares, compared to its average volume of 603,238. The company’s 50-day moving average is $49.54 and its two-hundred day moving average is $45.59. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 9.11 and a beta of 1.95. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a one year low of $31.36 and a one year high of $57.00.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $270.70 million. During the same quarter in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, analysts expect that Cactus, Inc. will post 2.87 earnings per share for the current year.

Cactus Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in Cactus during the 4th quarter valued at about $30,000. GAMMA Investing LLC acquired a new position in Cactus in the 4th quarter valued at approximately $33,000. NBC Securities Inc. purchased a new stake in Cactus in the 3rd quarter worth approximately $36,000. Signaturefd LLC boosted its stake in shares of Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after buying an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Cactus during the 3rd quarter valued at $70,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on WHD. Barclays upped their price objective on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America upped their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Finally, Benchmark reiterated a “hold” rating on shares of Cactus in a research note on Monday. 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 stock. According to MarketBeat, Cactus has an average rating of “Hold” and an average target price of $55.14.

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.