17,490 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Castleark Management LLC

Castleark Management LLC bought 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 bought 17,490 shares of the company’s stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WHD. Barclays PLC increased its position in shares of Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after buying an additional 100,223 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Cactus in the fourth quarter worth $229,000. Diversify Wealth Management LLC increased its holdings in shares of Cactus by 44.8% during the fourth quarter. Diversify Wealth Management LLC now owns 12,317 shares of the company’s stock valued at $732,000 after acquiring an additional 3,813 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Cactus by 36.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock worth $21,240,000 after purchasing an additional 97,570 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Cactus by 7.0% in the 4th 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 last quarter. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WHD has been the subject of a number of research analyst reports. Barclays reduced their target price on Cactus from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.33.

Cactus Stock Down 3.5%

WHD opened at $41.01 on Thursday. The firm’s 50 day simple moving average is $41.23 and its two-hundred day simple moving average is $53.79. The company has a market capitalization of $3.26 billion, a PE ratio of 14.54, 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. 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 (NYSE:WHD) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $280.32 million for the quarter, compared to analysts’ expectations of $272.22 million. During the same period last year, the firm earned $0.75 EPS. Cactus’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Cactus, Inc. will post 3.08 EPS for the current 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 given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.27%. Cactus’s 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.