244,776 Shares in Cactus, Inc. (NYSE:WHD) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in Cactus, Inc. (NYSE:WHD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 244,776 shares of the company’s stock, valued at approximately $14,285,000.

Several other institutional investors have also bought and sold shares of WHD. First Trust Advisors LP lifted its holdings in Cactus by 34.6% in the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock worth $90,841,000 after purchasing an additional 400,452 shares during the period. Federated Hermes Inc. acquired a new stake in Cactus in the fourth quarter worth about $19,235,000. Raymond James Financial Inc. acquired a new stake in Cactus in the fourth quarter worth about $16,377,000. Tudor Investment Corp ET AL lifted its holdings in Cactus by 487.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company’s stock worth $16,473,000 after purchasing an additional 234,191 shares during the period. Finally, Capital International Investors lifted its holdings in Cactus by 14.8% in the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company’s stock worth $98,445,000 after purchasing an additional 218,004 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Price Performance

NYSE WHD opened at $43.58 on Friday. The stock’s 50-day moving average price is $41.36 and its two-hundred day moving average price is $54.11. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.47 billion, a PE ratio of 15.45, a PEG ratio of 5.13 and a beta of 1.50. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.19%. Cactus’s payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WHD. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus dropped their price target on shares of Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Barclays dropped their price target on shares of Cactus from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.33.

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.