Cactus, Inc. (NYSE:WHD) CEO Stephen Tadlock Sells 33,500 Shares

Cactus, Inc. (NYSE:WHD) CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the sale, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cactus Price Performance

NYSE WHD opened at $62.17 on Wednesday. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $64.96. The firm has a market capitalization of $4.95 billion, a PE ratio of 22.05, a P/E/G ratio of 2.90 and a beta of 1.95. The company’s 50 day simple moving average is $59.80 and its 200 day simple moving average is $56.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Cactus, Inc. will post 3.04 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.84%. Cactus’s dividend payout ratio is currently 18.44%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WHD shares. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research note on Monday. Bank of America lifted their price target on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Citigroup raised their target price on shares of Cactus from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Piper Sandler lowered their price objective on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.40.

Institutional Trading of Cactus

A number of hedge funds and other institutional investors have recently made changes to their positions in WHD. GAMMA Investing LLC increased its holdings in shares of Cactus by 33.8% in the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after buying an additional 340 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cactus during the first quarter valued at $115,000. Covestor Ltd lifted its holdings in shares of Cactus by 251.8% during the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock valued at $126,000 after purchasing an additional 1,795 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares during the period. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in Cactus in the 3rd quarter worth about $209,000. 85.11% of the stock is currently owned by institutional investors.

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.