Cactus, Inc. (NYSE:WHD) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in shares of Cactus, Inc. (NYSE:WHD) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,523 shares of the company’s stock after selling 965 shares during the period. Leeward Investments LLC MA’s holdings in Cactus were worth $16,500,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after acquiring an additional 340 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cactus in the 1st quarter valued at about $115,000. Covestor Ltd increased its stake in shares of Cactus by 251.8% during the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after acquiring an additional 1,795 shares during the period. Central Pacific Bank Trust Division acquired a new position in Cactus during the 1st quarter worth approximately $182,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after buying an additional 307 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.84% of the stock is currently owned by corporate insiders.

Cactus Price Performance

Cactus stock opened at $69.33 on Thursday. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.92 and a beta of 1.95. The firm has a 50 day moving average price of $60.00 and a 200 day moving average price of $56.18. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $69.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Sell-side analysts predict that Cactus, Inc. will post 3.05 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.75%. Cactus’s payout ratio is 18.44%.

Wall Street Analyst Weigh In

Several brokerages have commented on WHD. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research report on Monday. Citigroup upped their price target on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Piper Sandler cut their price objective on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Bank of America increased their target price on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus cut their price target on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.