Alan Semple Sells 10,206 Shares of Cactus (NYSE:WHD) Stock

Cactus, Inc. (NYSE:WHD) Director Alan Semple sold 10,206 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the transaction, the director directly owned 29,444 shares in the company, valued at approximately $1,667,119.28. The trade was a 25.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Cactus Stock Performance

Shares of NYSE WHD traded up $1.67 during midday trading on Thursday, reaching $57.74. 722,579 shares of the company were exchanged, compared to its average volume of 981,763. Cactus, Inc. has a 1 year low of $33.20 and a 1 year high of $59.25. The stock has a fifty day simple moving average of $51.27 and a 200 day simple moving average of $49.65. The stock has a market cap of $4.61 billion, a P/E ratio of 54.47, a PEG ratio of 2.18 and a beta of 1.37. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The company had revenue of $388.35 million for the quarter, compared to analyst estimates of $380.42 million. During the same quarter in the previous year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year. On average, research analysts forecast that Cactus, Inc. will post 2.84 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. Cactus’s payout ratio is currently 52.83%.

Institutional Trading of Cactus

A number of institutional investors have recently added to or reduced their stakes in WHD. Advisors Asset Management Inc. boosted its position in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after purchasing an additional 543 shares during the period. AQR Capital Management LLC boosted its position in Cactus by 101.1% during the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock worth $524,000 after purchasing an additional 5,745 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cactus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock worth $1,819,000 after purchasing an additional 1,733 shares during the period. United Services Automobile Association purchased a new stake in Cactus during the 1st quarter worth $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cactus by 26.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after purchasing an additional 46,835 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on WHD shares. Zacks Research cut shares of Cactus from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Citigroup lifted their price objective on Cactus from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen downgraded Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Piper Sandler initiated coverage on Cactus in a research report on Tuesday, February 24th. They issued an “overweight” rating and a $73.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.00.

About Cactus

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.