Leeward Investments LLC MA Lowers Stock Position in Cactus, Inc. (NYSE:WHD)

Leeward Investments LLC MA lowered its position in Cactus, Inc. (NYSE:WHD) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,809 shares of the company’s stock after selling 19,714 shares during the period. Leeward Investments LLC MA owned about 0.32% of Cactus worth $14,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP purchased a new stake in shares of Cactus in the third quarter valued at about $9,501,000. JPMorgan Chase & Co. increased its holdings in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after buying an additional 52,085 shares during the last quarter. Citigroup Inc. increased its holdings in Cactus by 81.2% during the third quarter. Citigroup Inc. now owns 89,464 shares of the company’s stock worth $5,338,000 after buying an additional 40,099 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Cactus by 394.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock worth $9,338,000 after buying an additional 127,614 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Cactus by 36.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock worth $21,240,000 after buying an additional 97,570 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.40.

Cactus Stock Performance

NYSE WHD opened at $58.27 on Friday. The company has a market capitalization of $4.64 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a 50-day simple moving average of $60.20 and a 200 day simple moving average of $61.17. Cactus, Inc. has a 52-week low of $44.57 and a 52-week high of $70.01.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.89%. Cactus’s payout ratio is 18.44%.

About Cactus

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.