Cactus (NYSE:WHD) President Joel Bender Sells 29,228 Shares

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 29,228 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.01, for a total value of $1,461,692.28. Following the completion of the transaction, the president owned 213,610 shares of the company’s stock, valued at $10,682,636.10. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 10th, Joel Bender sold 106,809 shares of Cactus stock. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28.
• On Thursday, March 5th, Joel Bender sold 63,963 shares of Cactus stock. The shares were sold at an average price of $50.74, for a total transaction of $3,245,482.62.

Cactus Stock Down 0.1%

Cactus stock traded down $0.06 during trading on Wednesday, reaching $48.54. The stock had a trading volume of 1,200,188 shares, compared to its average volume of 1,282,897. The company has a quick ratio of 4.13, a current ratio of 5.81 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52-week low of $33.20 and a 52-week high of $59.25. The stock has a market cap of $3.88 billion, a PE ratio of 17.93, a P/E/G ratio of 4.77 and a beta of 1.25. The business has a 50 day moving average price of $53.98 and a 200 day moving average price of $45.94.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 25th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Cactus had a return on equity of 15.18% and a net margin of 15.39%.The business had revenue of $261.20 million for the quarter, compared to analyst estimates of $250.60 million. During the same quarter last year, the company earned $0.71 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. Cactus’s dividend payout ratio (DPR) is currently 23.33%.

Institutional Investors Weigh In On Cactus

Several hedge funds have recently modified their holdings of WHD. Wellington Management Group LLP grew its holdings in shares of Cactus by 20.0% during the fourth quarter. Wellington Management Group LLP now owns 3,963,961 shares of the company’s stock worth $181,074,000 after buying an additional 659,366 shares in the last quarter. State Street Corp boosted its position in Cactus by 3.0% during the fourth quarter. State Street Corp now owns 2,844,994 shares of the company’s stock worth $129,959,000 after acquiring an additional 83,190 shares during the last quarter. Capital International Investors boosted its position in Cactus by 27.0% during the fourth quarter. Capital International Investors now owns 2,343,731 shares of the company’s stock worth $107,062,000 after acquiring an additional 498,210 shares during the last quarter. Geode Capital Management LLC grew its stake in Cactus by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,964,059 shares of the company’s stock worth $89,729,000 after acquiring an additional 28,415 shares during the period. Finally, First Trust Advisors LP raised its holdings in Cactus by 17.4% in the 4th quarter. First Trust Advisors LP now owns 1,839,336 shares of the company’s stock valued at $84,021,000 after acquiring an additional 272,452 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WHD has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th. Barclays lifted their target price on shares of Cactus from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Zacks Research lowered shares of Cactus from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Citigroup raised their price objective on shares of Cactus from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cactus has an average rating of “Moderate Buy” and an average target price of $56.33.

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