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

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

Cactus Stock Performance

NYSE:WHD opened at $57.74 on Friday. The firm’s 50-day moving average is $51.42 and its 200-day moving average is $49.79. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 2.14 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. Cactus, Inc. has a 52-week low of $33.20 and a 52-week high of $59.25.

Cactus (NYSE:WHD) last released its earnings results on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, topping 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 business had revenue of $388.35 million for the quarter, compared to the consensus estimate of $380.42 million. During the same period last year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year. Equities research analysts anticipate that Cactus, Inc. will post 2.84 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 18th. Stockholders of record on Monday, June 1st will be issued 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 of this dividend is Monday, June 1st. Cactus’s dividend payout ratio (DPR) is presently 52.83%.

Analyst Ratings Changes

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

Institutional Trading of Cactus

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in 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 acquiring an additional 659,366 shares in the last quarter. State Street Corp boosted its stake in shares of Cactus by 3.0% in the 4th quarter. State Street Corp now owns 2,844,994 shares of the company’s stock valued at $129,959,000 after purchasing an additional 83,190 shares in the last quarter. Capital International Investors grew its holdings in shares of Cactus by 27.0% in the 4th quarter. Capital International Investors now owns 2,343,731 shares of the company’s stock worth $107,062,000 after purchasing an additional 498,210 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Cactus by 13.7% in the 1st quarter. First Trust Advisors LP now owns 2,090,619 shares of the company’s stock worth $99,033,000 after purchasing an additional 251,283 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Cactus by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,964,059 shares of the company’s stock worth $89,729,000 after purchasing an additional 28,415 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.