4,950 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in Cactus, Inc. (NYSE:WHD) in the third quarter, HoldingsChannel reports. The fund bought 4,950 shares of the company’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atria Investments Inc grew its stake in shares of Cactus by 9.4% during the 3rd quarter. Atria Investments Inc now owns 8,166 shares of the company’s stock valued at $487,000 after buying an additional 704 shares during the period. Portside Wealth Group LLC purchased a new stake in Cactus during the third quarter valued at about $243,000. Principal Financial Group Inc. increased its stake in Cactus by 4.8% during the third quarter. Principal Financial Group Inc. now owns 342,278 shares of the company’s stock worth $20,424,000 after acquiring an additional 15,760 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Cactus by 17.6% in the 3rd quarter. Congress Asset Management Co. now owns 248,119 shares of the company’s stock worth $14,805,000 after purchasing an additional 37,084 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Cactus by 18.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 8,504 shares of the company’s stock valued at $499,000 after purchasing an additional 1,334 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Activity at Cactus

In other news, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now directly owns 36,357 shares in the company, valued at $2,230,501.95. The trade was a 47.96 % decrease in their position. The disclosure for this sale can be found here. 17.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Cactus Stock Down 1.9 %

Shares of NYSE:WHD opened at $64.36 on Monday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.95. The company has a 50 day moving average of $61.24 and a two-hundred day moving average of $56.95. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released 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. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same period last year, the business earned $0.80 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, December 2nd. Cactus’s dividend payout ratio (DPR) is 18.44%.

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.