5,288 Shares in Cactus, Inc. (NYSE:WHD) Acquired by AlphaMark Advisors LLC

AlphaMark Advisors LLC acquired a new stake in Cactus, Inc. (NYSE:WHD) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,288 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Cactus by 27.5% in the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after buying an additional 217 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Cactus in the 1st quarter valued at about $115,000. Covestor Ltd raised its position in shares of Cactus by 251.8% during the 1st quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after acquiring an additional 1,795 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Cactus during the first quarter worth approximately $182,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Cactus in the first quarter valued at approximately $202,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Stock Performance

Shares of WHD stock opened at $59.51 on Friday. The stock’s 50-day moving average price is $59.82 and its 200 day moving average price is $55.24. The company has a quick ratio of 2.59, a current ratio of 3.75 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.73 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.30 and a beta of 1.95. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $64.96.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Cactus had a return on equity of 21.22% and a net margin of 16.88%. The business had revenue of $290.39 million during the quarter, compared to analysts’ expectations of $276.76 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Cactus, Inc. will post 3.04 EPS for the current year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Monday, August 26th were issued a $0.13 dividend. This is an increase from Cactus’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, August 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. Cactus’s payout ratio is presently 20.72%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Citigroup upped their price objective on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Barclays lifted their target price on Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler decreased their target price on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, Stifel Nicolaus cut their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cactus currently has an average rating of “Hold” and a consensus target price of $56.40.

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.