Cactus, Inc. (NYSE:WHD – Get Free Report) CEO Stephen Tadlock sold 38,455 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the sale, the chief executive officer directly owned 43,178 shares in the company, valued at $2,754,756.40. This trade represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Cactus Price Performance
Shares of NYSE:WHD opened at $65.91 on Thursday. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $68.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81. The business has a fifty day moving average price of $55.75 and a 200-day moving average price of $54.61. The company has a market capitalization of $5.28 billion, a PE ratio of 56.33, a PEG ratio of 2.41 and a beta of 1.36.
Cactus (NYSE:WHD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The company had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. During the same quarter in the previous year, the business posted $0.66 EPS. Cactus’s revenue was up 64.3% compared to the same quarter last year. As a group, equities analysts expect that Cactus, Inc. will post 3.07 EPS for the current fiscal year.
Cactus Increases Dividend
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on WHD shares. Citigroup raised their price target on shares of Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Barclays upped their price objective on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler lifted their target price on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Stifel Nicolaus upped their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cactus presently has a consensus rating of “Moderate Buy” and an average target price of $65.20.
View Our Latest Report on Cactus
Institutional Investors Weigh In On Cactus
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in Cactus by 20.0% in the 4th quarter. Wellington Management Group LLP now owns 3,963,961 shares of the company’s stock worth $181,074,000 after purchasing an additional 659,366 shares during the period. State Street Corp lifted its holdings in shares of Cactus by 3.0% during the 4th quarter. State Street Corp now owns 2,844,994 shares of the company’s stock valued at $129,959,000 after buying an additional 83,190 shares during the period. Capital International Investors grew its holdings in shares of Cactus by 27.0% in the fourth quarter. Capital International Investors now owns 2,343,731 shares of the company’s stock worth $107,062,000 after acquiring an additional 498,210 shares during the period. First Trust Advisors LP grew its holdings in shares of Cactus by 13.7% in the first quarter. First Trust Advisors LP now owns 2,090,619 shares of the company’s stock worth $99,033,000 after acquiring an additional 251,283 shares during the period. Finally, Geode Capital Management LLC increased its position in Cactus by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,964,059 shares of the company’s stock valued at $89,729,000 after acquiring an additional 28,415 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.
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