Crossmark Global Holdings Inc. Makes New $295,000 Investment in Cactus, Inc. (NYSE:WHD)

Crossmark Global Holdings Inc. acquired a new stake in Cactus, Inc. (NYSE:WHD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,950 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted 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 purchasing an additional 340 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Cactus during the first quarter worth about $115,000. Covestor Ltd grew its holdings 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 buying an additional 1,795 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after acquiring an additional 307 shares during the period. Finally, Cim LLC purchased a new stake in Cactus during the 2nd quarter valued at approximately $219,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WHD. Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research note on Monday, November 4th. Bank of America lifted their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus cut their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cactus presently has a consensus rating of “Hold” and an average target price of $56.40.

Cactus Trading Down 1.9 %

NYSE:WHD opened at $64.36 on Monday. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The stock has a fifty day moving average price of $61.24 and a two-hundred day moving average price of $56.95. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.05 and a beta of 1.95.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. Cactus’s dividend payout ratio is currently 18.44%.

Insider Activity at Cactus

In other Cactus news, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the sale, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now directly owns 36,357 shares in the company, valued at $2,230,501.95. The trade was a 47.96 % decrease in their position. The disclosure for this sale can be found here. 17.71% of the stock is owned by corporate insiders.

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.