Thrivent Financial for Lutherans Sells 2,340 Shares of Cactus, Inc. (NYSE:WHD)

Thrivent Financial for Lutherans trimmed its stake in Cactus, Inc. (NYSE:WHD) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,206 shares of the company’s stock after selling 2,340 shares during the period. Thrivent Financial for Lutherans’ holdings in Cactus were worth $3,115,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Cactus by 33.8% in the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after buying an additional 340 shares during the period. SG Americas Securities LLC acquired a new stake in Cactus during the 1st quarter valued at approximately $115,000. Nisa Investment Advisors LLC raised its holdings in 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 purchasing an additional 307 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Cactus in the 3rd quarter worth approximately $209,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Cactus in the 3rd quarter valued at $212,000. 85.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cactus Price Performance

WHD stock opened at $69.48 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company’s 50-day moving average is $62.39 and its 200-day moving average is $57.51. The stock has a market capitalization of $5.53 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.26 and a beta of 1.95. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $70.01.

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, 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 company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Equities research analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Insiders Place Their Bets

In related news, CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the sale, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This represents a 47.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the sale, the director now directly owns 12,177 shares of the company’s stock, valued at $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,500 shares of company stock worth $8,916,325. Insiders own 16.84% of the company’s stock.

Cactus 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.