Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,000 shares of the company's stock, valued at approximately $775,000.
Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Cactus by 27.5% in the 1st quarter. GAMMA Investing LLC now owns 1,005 shares of the company's stock valued at $50,000 after buying an additional 217 shares during the period. SG Americas Securities LLC acquired a new position in Cactus during the first quarter worth $115,000. Covestor Ltd raised its holdings in shares of Cactus by 251.8% in the 1st quarter. Covestor Ltd now owns 2,508 shares of the company's stock worth $126,000 after acquiring an additional 1,795 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Cactus in the first quarter valued at approximately $182,000. Finally, Cim LLC purchased a new stake in Cactus in the 2nd quarter valued at $219,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Piper Sandler dropped their target price on shares of Cactus from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. Barclays upped their target price on Cactus from $56.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Finally, Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $55.40.
Check Out Our Latest Report on Cactus
Shares of NYSE:WHD opened at $62.97 on Friday. The company has a 50-day moving average price of $59.53 and a two-hundred day moving average price of $54.94. The firm has a market capitalization of $5.01 billion, a PE ratio of 25.09, a P/E/G ratio of 2.29 and a beta of 1.95. Cactus, Inc. has a twelve month low of $37.58 and a twelve month high of $64.96. The company has a quick ratio of 2.59, a current ratio of 3.75 and a debt-to-equity ratio of 0.01.
Cactus (NYSE:WHD - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Cactus had a return on equity of 21.22% and a net margin of 16.88%. The business had revenue of $290.39 million during the quarter, compared to the consensus estimate of $276.76 million. During the same quarter last year, the company earned $0.84 EPS. The firm's revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that Cactus, Inc. will post 3.04 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Monday, August 26th were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from Cactus's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.83%. Cactus's dividend payout ratio is currently 20.72%.
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.
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