Victory Capital Management Inc. Has $25.81 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Victory Capital Management Inc. grew its stake in shares of Cactus, Inc. (NYSE:WHD) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 568,500 shares of the company’s stock after purchasing an additional 22,028 shares during the period. Victory Capital Management Inc. owned approximately 0.72% of Cactus worth $25,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Cactus by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,370,309 shares of the company’s stock valued at $319,853,000 after purchasing an additional 23,018 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Cactus by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after buying an additional 108,905 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Cactus by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after acquiring an additional 26,185 shares in the last quarter. FMR LLC raised its holdings in shares of Cactus by 181.5% in the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Cactus by 0.4% in the 3rd quarter. Northern Trust Corp now owns 696,317 shares of the company’s stock valued at $34,962,000 after acquiring an additional 2,553 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WHD. Benchmark reissued a “hold” rating on shares of Cactus in a report on Monday. Bank of America upped their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. Finally, Barclays raised their price objective on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.14.

Insider Activity at Cactus

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cactus news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The disclosure for this sale can be found here. 16.84% of the stock is owned by company insiders.

Cactus Stock Down 1.8 %

WHD stock opened at $50.56 on Thursday. Cactus, Inc. has a 1-year low of $31.36 and a 1-year high of $57.00. The stock has a market cap of $4.01 billion, a P/E ratio of 20.14, a P/E/G ratio of 9.11 and a beta of 1.95. The stock’s fifty day simple moving average is $49.54 and its two-hundred day simple moving average is $45.59. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $274.12 million during the quarter, compared to analyst estimates of $270.70 million. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Analysts expect that Cactus, Inc. will post 2.87 EPS for the current year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.95%. Cactus’s dividend payout ratio (DPR) is presently 19.12%.

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.