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

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

Cactus Trading Down 1.7%

NYSE WHD opened at $56.87 on Friday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 2.21 and a beta of 1.37. Cactus, Inc. has a one year low of $33.20 and a one year high of $59.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 1.71. The business’s fifty day moving average is $51.56 and its 200-day moving average is $49.84.

Cactus (NYSE:WHD) last released its earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $388.35 million for the quarter, compared to analysts’ expectations of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Equities research analysts predict that Cactus, Inc. will post 2.84 EPS for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.56 annualized dividend and a yield of 1.0%. Cactus’s dividend payout ratio (DPR) is 52.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vest Financial LLC grew its holdings in shares of Cactus by 35.3% during the third quarter. Vest Financial LLC now owns 107,899 shares of the company’s stock worth $4,259,000 after purchasing an additional 28,139 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of Cactus by 249.2% during the third quarter. Hudson Edge Investment Partners Inc. now owns 28,388 shares of the company’s stock worth $1,120,000 after purchasing an additional 20,258 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Cactus during the third quarter worth about $1,872,000. VELA Investment Management LLC grew its holdings in shares of Cactus by 24.2% during the fourth quarter. VELA Investment Management LLC now owns 146,042 shares of the company’s stock worth $6,671,000 after purchasing an additional 28,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Cactus during the third quarter worth about $525,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WHD shares. Piper Sandler started coverage on Cactus in a report on Tuesday, February 24th. They issued an “overweight” rating and a $73.00 price objective for the company. Barclays lifted their price objective on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday. Zacks Research lowered Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Citigroup lifted their price objective on Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen lowered Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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