Cactus, Inc. (NYSE:WHD) Director Bruce M. Rothstein Sells 5,000 Shares

Cactus, Inc. (NYSE:WHD) Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the transaction, the director now owns 12,177 shares of the company’s stock, valued at $794,183.94. This represents a 29.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cactus Price Performance

Shares of WHD stock traded up $0.07 during mid-day trading on Wednesday, hitting $65.29. 1,018,243 shares of the stock traded hands, compared to its average volume of 736,701. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.11 and a beta of 1.95. Cactus, Inc. has a twelve month low of $37.58 and a twelve month high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $57.16.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Cactus’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, equities research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.80%. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

Institutional Trading of Cactus

Several hedge funds have recently added to or reduced their stakes in WHD. Quest Partners LLC bought a new stake in Cactus in the 3rd quarter valued at $34,000. GAMMA Investing LLC grew its holdings in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after acquiring an additional 340 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Cactus during the first quarter worth approximately $115,000. Nisa Investment Advisors LLC boosted its position in 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 buying an additional 307 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Cactus in the third quarter valued at about $209,000. Institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

WHD has been the subject of several research analyst reports. Bank of America increased their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Stifel Nicolaus reduced their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cactus has an average rating of “Hold” and a consensus price target of $56.40.

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.