Cactus, Inc. (NYSE:WHD - Get Free Report) EVP William D. Marsh sold 2,059 shares of the firm's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $51.03, for a total transaction of $105,070.77. Following the sale, the executive vice president now owns 1,852 shares of the company's stock, valued at $94,507.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cactus Trading Down 0.3 %
Shares of WHD stock traded down $0.16 during trading hours on Friday, hitting $50.95. 59,229 shares of the company were exchanged, compared to its average volume of 596,844. The firm has a fifty day moving average of $49.65 and a 200 day moving average of $45.63. Cactus, Inc. has a 1 year low of $31.36 and a 1 year high of $57.00. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $4.04 billion, a PE ratio of 20.36, a PEG ratio of 9.11 and a beta of 1.95.
Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The firm 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%. Cactus's revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. Analysts expect that Cactus, Inc. will post 2.87 earnings per share for the current year.
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The company 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, May 24th. Cactus's dividend payout ratio is currently 19.12%.
Institutional Investors Weigh In On Cactus
Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Cactus during the 4th quarter worth $30,000. NBC Securities Inc. acquired a new stake in shares of Cactus during the third quarter worth about $36,000. GAMMA Investing LLC bought a new stake in Cactus during the 4th quarter worth approximately $33,000. Signaturefd LLC raised its holdings in Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company's stock worth $43,000 after buying an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Cactus in the third quarter valued at approximately $70,000. 85.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Cactus from $40.00 to $43.00 and gave the stock an "underperform" rating in a research report on Monday, April 15th. Barclays raised their target price on shares of Cactus from $55.00 to $56.00 and gave the company an "overweight" rating in a report on Monday. Finally, Benchmark reaffirmed a "hold" rating on shares of Cactus in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.14.
Get Our Latest Analysis on WHD
About Cactus
(
Get Free Report)
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.
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