Scott Bender Sells 13,300 Shares of Cactus (NYSE:WHD) Stock

Cactus, Inc. (NYSE:WHD) CEO Scott Bender sold 13,300 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $55.07, for a total value of $732,431.00. Following the transaction, the chief executive officer owned 128,219 shares of the company’s stock, valued at $7,061,020.33. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cactus Stock Down 1.6%

Shares of WHD traded down $0.83 during trading hours on Wednesday, hitting $52.31. The company had a trading volume of 730,859 shares, compared to its average volume of 910,627. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 49.35, a P/E/G ratio of 2.03 and a beta of 1.38. The firm has a fifty day moving average price of $55.66 and a 200-day moving average price of $54.15. Cactus, Inc. has a 52-week low of $33.20 and a 52-week high of $64.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.64 by $0.29. The company had revenue of $449.53 million for the quarter, compared to the consensus estimate of $400.82 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. On average, equities research analysts forecast that Cactus, Inc. will post 2.92 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 1st. Cactus’s dividend payout ratio is currently 52.83%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WHD. Citigroup raised their price target on shares of Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 target price (up from $66.00) on shares of Cactus in a research note on Tuesday, June 16th. Barclays lifted their target price on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Piper Sandler upped their price target on Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.60.

Institutional Investors Weigh In On Cactus

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd grew its holdings in Cactus by 73.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Cactus in the third quarter worth about $33,000. Advisors Asset Management Inc. raised its stake in shares of Cactus by 113.8% in the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of Cactus during the 2nd quarter valued at about $58,000. Finally, Global Retirement Partners LLC grew its stake in shares of Cactus by 39,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock valued at $54,000 after acquiring an additional 1,176 shares during the period. Institutional investors own 85.11% of the company’s stock.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.