Cactus, Inc. (NYSE:WHD) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Cactus, Inc. (NYSE:WHD) by 27.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,005 shares of the company’s stock after purchasing an additional 217 shares during the period. GAMMA Investing LLC’s holdings in Cactus were worth $50,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Cactus by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,101 shares of the company’s stock valued at $1,321,000 after buying an additional 575 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Cactus by 6.3% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 10,348 shares of the company’s stock worth $470,000 after acquiring an additional 617 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Cactus during the fourth quarter worth about $30,000. Dfpg Investments LLC increased its holdings in shares of Cactus by 14.5% during the fourth quarter. Dfpg Investments LLC now owns 5,676 shares of the company’s stock valued at $254,000 after acquiring an additional 718 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Cactus by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 7,484 shares of the company’s stock valued at $340,000 after purchasing an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WHD. Bank of America boosted their target price 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. Benchmark reissued a “hold” rating on shares of Cactus in a report on Monday, May 6th. Barclays raised their target price on Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, Johnson Rice cut Cactus from a “buy” rating to an “accumulate” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.14.

Cactus Trading Up 3.1 %

NYSE WHD opened at $51.59 on Tuesday. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The company has a market capitalization of $4.10 billion, a PE ratio of 20.55, a P/E/G ratio of 1.57 and a beta of 1.95. The company has a fifty day moving average of $50.80 and a 200 day moving average of $47.13.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The business had revenue of $274.12 million during the quarter, compared to analysts’ expectations of $270.70 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Research analysts forecast that Cactus, Inc. will post 2.94 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Tuesday, May 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.48 annualized dividend and a yield of 0.93%. Cactus’s dividend payout ratio is presently 19.12%.

Insider Transactions at Cactus

In related news, EVP William D. Marsh sold 2,059 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $51.03, for a total value of $105,070.77. Following the completion of the transaction, the executive vice president now directly owns 1,852 shares in the company, valued at approximately $94,507.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cactus news, CEO Scott Bender sold 39,957 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.01, for a total transaction of $2,038,206.57. Following the transaction, the chief executive officer now owns 400,234 shares in the company, valued at $20,415,936.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Marsh sold 2,059 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $51.03, for a total value of $105,070.77. Following the completion of the sale, the executive vice president now owns 1,852 shares of the company’s stock, valued at $94,507.56. The disclosure for this sale can be found here. Insiders have sold 602,059 shares of company stock valued at $30,948,949 in the last 90 days. 16.84% of the stock is currently owned by company 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.