Insider Selling: Cactus (NYSE:WHD) Director Sells $577,863.72 in Stock

Cactus, Inc. (NYSE:WHD) Director Alan Semple sold 10,206 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the transaction, the director directly owned 29,444 shares in the company, valued at approximately $1,667,119.28. The trade was a 25.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Cactus Stock Performance

Shares of WHD stock opened at $56.87 on Friday. The stock’s 50-day moving average is $51.56 and its two-hundred day moving average is $49.84. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 2.17 and a beta of 1.37. Cactus, Inc. has a 1 year low of $33.20 and a 1 year high of $59.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $388.35 million for the quarter, compared to analyst estimates of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. Analysts predict that Cactus, Inc. will post 2.84 earnings per share for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. Cactus’s dividend payout ratio (DPR) is presently 52.83%.

Hedge Funds Weigh In On Cactus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after buying an additional 259 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Cactus during the third quarter worth about $33,000. Aster Capital Management DIFC Ltd grew its holdings in shares of Cactus by 73.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock worth $34,000 after buying an additional 314 shares during the last quarter. Huntington National Bank grew its holdings in shares of Cactus by 55.4% during the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock worth $43,000 after buying an additional 390 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays raised their price objective on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Citigroup raised their price objective on Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Zacks Research lowered Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen lowered Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.