Cactus, Inc. (NYSE:WHD) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its stake in Cactus, Inc. (NYSE:WHD) by 19.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 613,540 shares of the company’s stock after selling 146,847 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Cactus were worth $36,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in Cactus by 41.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 323,485 shares of the company’s stock worth $16,203,000 after purchasing an additional 94,704 shares during the period. Bessemer Group Inc. grew its holdings in shares of Cactus by 7.2% during the first quarter. Bessemer Group Inc. now owns 248,369 shares of the company’s stock valued at $12,441,000 after buying an additional 16,662 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Cactus by 4.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 203,153 shares of the company’s stock valued at $10,176,000 after buying an additional 8,833 shares during the period. Sei Investments Co. lifted its stake in Cactus by 13.2% in the 1st quarter. Sei Investments Co. now owns 345,228 shares of the company’s stock worth $17,291,000 after acquiring an additional 40,228 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Cactus in the 1st quarter worth about $1,423,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Up 3.6 %

WHD stock opened at $59.30 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of 21.03, a PEG ratio of 2.74 and a beta of 1.95. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $64.96. The company has a fifty day simple moving average of $59.73 and a 200 day simple moving average of $55.73. The company has a current ratio of 3.75, a quick ratio of 2.59 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. Cactus had a return on equity of 20.72% and a net margin of 16.57%. The company had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same quarter in the prior year, the company posted $0.80 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that Cactus, Inc. will post 3.04 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, December 2nd. Cactus’s dividend payout ratio is 18.44%.

Wall Street Analyst Weigh In

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

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.