4,170 Shares in Cactus, Inc. (NYSE:WHD) Bought by Xponance Inc.

Xponance Inc. bought a new stake in Cactus, Inc. (NYSE:WHD) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,170 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also modified their holdings of WHD. GAMMA Investing LLC boosted its holdings in Cactus by 27.5% in the 1st quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock worth $50,000 after buying an additional 217 shares during the last quarter. Gilbert & Cook Inc. raised its stake in Cactus by 2.6% in the 1st quarter. Gilbert & Cook Inc. now owns 14,016 shares of the company’s stock valued at $702,000 after purchasing an additional 352 shares during the last quarter. Bridge City Capital LLC lifted its holdings in Cactus by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 69,590 shares of the company’s stock valued at $3,486,000 after purchasing an additional 534 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Cactus by 3.3% during the second quarter. Arizona State Retirement System now owns 18,341 shares of the company’s stock worth $967,000 after buying an additional 585 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Cactus by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 7,484 shares of the company’s stock valued at $340,000 after buying an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

Cactus stock opened at $61.35 on Thursday. The firm has a 50 day simple moving average of $59.19 and a 200-day simple moving average of $54.19. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.75 and a quick ratio of 2.59. Cactus, Inc. has a 1-year low of $37.58 and a 1-year high of $64.96.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 earnings per share 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 company had revenue of $290.39 million during the quarter, compared to analyst estimates of $276.76 million. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts expect that Cactus, Inc. will post 3.04 EPS for the current year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were issued a $0.13 dividend. This is a positive change from Cactus’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Monday, August 26th. Cactus’s payout ratio is 20.72%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WHD. Barclays boosted their price target on shares of Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler dropped their price target on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, Citigroup lifted their price objective on Cactus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

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.