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

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

Cactus Price Performance

Shares of WHD stock traded up $1.67 during trading hours on Thursday, reaching $57.74. The company had a trading volume of 722,579 shares, compared to its average volume of 981,763. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The stock has a fifty day moving average of $51.27 and a 200-day moving average of $49.65. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 2.18 and a beta of 1.37. Cactus, Inc. has a 12-month low of $33.20 and a 12-month high of $59.25.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $388.35 million during the quarter, compared to analyst estimates of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business’s revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. On average, equities analysts anticipate that Cactus, Inc. will post 2.84 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 1st will be given a $0.14 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Cactus’s dividend payout ratio is 52.83%.

Institutional Trading of Cactus

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Cactus by 67.6% in the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in Cactus by 73.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after buying an additional 314 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Cactus in the third quarter valued at $33,000. Advisors Asset Management Inc. raised its stake in Cactus by 113.8% in the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after buying an additional 543 shares in the last quarter. Finally, Huntington National Bank raised its stake in Cactus by 55.4% in the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after buying an additional 390 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WHD. Barclays increased their price objective on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup increased their price objective on Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Zacks Research lowered Cactus from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Piper Sandler started coverage on Cactus in a research note on Tuesday, February 24th. They set an “overweight” rating and a $73.00 price target on the stock. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Cactus presently has a consensus rating of “Moderate Buy” and a consensus target price 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.