Cactus, Inc. (NYSE:WHD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Cactus, Inc. (NYSE:WHD) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,278 shares of the company’s stock after purchasing an additional 15,760 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of Cactus worth $20,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WHD. SG Americas Securities LLC purchased a new position in Cactus during the first quarter worth about $115,000. Sei Investments Co. increased its stake in shares of Cactus by 13.2% during the 1st quarter. Sei Investments Co. now owns 345,228 shares of the company’s stock valued at $17,291,000 after acquiring an additional 40,228 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Cactus by 330.4% during the 1st quarter. Russell Investments Group Ltd. now owns 43,266 shares of the company’s stock valued at $2,167,000 after acquiring an additional 33,214 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Cactus by 10.0% during the 1st quarter. ProShare Advisors LLC now owns 11,779 shares of the company’s stock worth $590,000 after acquiring an additional 1,072 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Cactus in the first quarter worth approximately $276,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WHD shares. Barclays lowered shares of 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. Bank of America upped their price objective on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus cut their target price on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. 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 stock. According to MarketBeat, Cactus presently has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Activity

In related news, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the transaction, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now directly owns 36,357 shares of the company’s stock, valued at $2,230,501.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Steven Bender sold 100,000 shares of the firm’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 sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.71% of the company’s stock.

Cactus Trading Down 0.4 %

Shares of WHD stock opened at $66.66 on Thursday. 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, Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $70.01. The firm’s 50 day moving average price is $60.87 and its two-hundred day moving average price is $56.71. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.17 and a beta of 1.95.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $287.47 million. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that Cactus, Inc. will post 3.07 EPS for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, December 2nd. Cactus’s payout ratio is 18.44%.

Cactus 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.