Cactus (NYSE:WHD) CEO Scott Bender Sells 100,000 Shares of Company Stock

Cactus, Inc. (NYSE:WHD) CEO Scott Bender sold 100,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $63.91, for a total value of $6,391,000.00. Following the transaction, the chief executive officer owned 120,527 shares of the company’s stock, valued at approximately $7,702,880.57. This trade represents a 45.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Bender also recently made the following trade(s):

• On Thursday, October 1st, Scott Bender sold 100,000 shares of Cactus stock. The shares were sold at an average price of $61.97, for a total value of $6,197,000.00.

Cactus Stock Performance

Shares of Cactus stock opened at $62.07 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38. The stock’s 50-day moving average is $65.63 and its 200-day moving average is $58.44. Cactus, Inc. has a one year low of $39.16 and a one year high of $74.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 2.10.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.19. The company had revenue of $430.89 million during the quarter, compared to analysts’ expectations of $437.94 million. Cactus had a return on equity of 17.93% and a net margin of 6.69%. Cactus’s revenue for the quarter was up 63.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. Equities analysts predict that Cactus, Inc. will post 3.13 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Monday, November 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Cactus’s dividend payout ratio is 41.67%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WHD shares. Wall Street Zen downgraded shares of Cactus from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup boosted their price objective on shares of Cactus from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler increased their target price on shares of Cactus from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays raised their target price on shares of Cactus from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research note on Tuesday, September 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Cactus has an average rating of “Moderate Buy” and an average price target of $74.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Your Advocates Ltd. LLP acquired a new stake in Cactus in the third quarter valued at $34,000. Signaturefd LLC grew its position in shares of Cactus by 56.8% in the 3rd quarter. Signaturefd LLC now owns 665 shares of the company’s stock valued at $41,000 after acquiring an additional 241 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Cactus during the 2nd quarter worth about $35,000. Harbor Investment Advisory LLC acquired a new position in shares of Cactus during the 2nd quarter worth about $58,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Cactus by 474.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company’s stock worth $75,000 after purchasing an additional 1,210 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Company Profile

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.