Brown Advisory Inc. Sells 26,118 Shares of Cactus, Inc. (NYSE:WHD)

Brown Advisory Inc. lowered its stake in shares of Cactus, Inc. (NYSE:WHD) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 531,597 shares of the company’s stock after selling 26,118 shares during the quarter. Brown Advisory Inc. owned approximately 0.67% of Cactus worth $31,024,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WHD. Illinois Municipal Retirement Fund increased its position in Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after buying an additional 169 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in Cactus by 0.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock worth $2,091,000 after acquiring an additional 177 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after acquiring an additional 180 shares during the period. New York State Teachers Retirement System lifted its holdings in Cactus by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock valued at $916,000 after purchasing an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Cactus by 7.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

WHD has been the topic of several research reports. Barclays lowered 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. Stifel Nicolaus dropped their target price on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cactus presently has a consensus rating of “Hold” and a consensus target price of $52.40.

Cactus Stock Performance

Cactus stock opened at $40.08 on Tuesday. The firm’s 50 day simple moving average is $42.46 and its 200 day simple moving average is $55.08. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The firm has a market capitalization of $3.19 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company 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 firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. As a group, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, June 2nd. Cactus’s dividend payout ratio is currently 18.51%.

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.