Vest Financial LLC Buys 1,138 Shares of Cactus, Inc. (NYSE:WHD)

Vest Financial LLC boosted its stake in Cactus, Inc. (NYSE:WHD) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,709 shares of the company’s stock after purchasing an additional 1,138 shares during the quarter. Vest Financial LLC’s holdings in Cactus were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WHD. GAMMA Investing LLC boosted its position in shares of Cactus by 27.5% in the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after acquiring an additional 217 shares during the period. SG Americas Securities LLC purchased a new position in shares of Cactus during the 1st quarter valued at $115,000. Covestor Ltd increased its holdings in shares of Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after purchasing an additional 1,795 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Cactus in the first quarter worth $182,000. Finally, Cim LLC purchased a new stake in shares of Cactus in the second quarter worth $219,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Down 3.1 %

Shares of NYSE WHD opened at $59.51 on Monday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 23.71, a PEG ratio of 2.85 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 one year low of $37.58 and a one year high of $64.96. The firm’s 50 day simple moving average is $59.83 and its two-hundred day simple moving average is $55.38.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The company had revenue of $290.39 million for the quarter, compared to analyst estimates of $276.76 million. During the same quarter last year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, analysts expect that Cactus, Inc. will post 3.04 EPS for the current fiscal year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from Cactus’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.87%. Cactus’s dividend payout ratio is currently 20.72%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WHD shares. Stifel Nicolaus decreased their target price on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Citigroup raised their target price on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Barclays lifted their target price on shares of Cactus from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Piper Sandler decreased their price target on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Bank of America lifted their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cactus presently has a consensus rating of “Hold” and a consensus target price of $56.40.

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.