244,776 Shares in Cactus, Inc. (NYSE:WHD) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in Cactus, Inc. (NYSE:WHD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 244,776 shares of the company’s stock, valued at approximately $14,285,000. Point72 Asset Management L.P. owned about 0.31% of Cactus at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oarsman Capital Inc. bought a new stake in shares of Cactus in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after buying an additional 337 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cactus in the fourth quarter worth $76,000. Finally, AlphaQuest LLC increased its stake in shares of Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after buying an additional 1,142 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WHD shares. Barclays decreased their price objective on shares of Cactus from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on shares of Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cactus has an average rating of “Hold” and a consensus price target of $52.33.

Cactus Stock Performance

Cactus stock opened at $43.58 on Friday. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a market cap of $3.47 billion, a PE ratio of 15.45, a P/E/G ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a fifty day moving average price of $41.36 and a two-hundred day moving average price of $54.11.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, June 2nd. Cactus’s dividend payout ratio (DPR) is 18.51%.

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.