Cactus (NYSE:WHD) CEO Sells $6,391,000.00 in Stock

Cactus, Inc. (NYSE:WHD) CEO Scott Bender sold 100,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $63.91, for a total transaction of $6,391,000.00. Following the sale, the chief executive officer directly owned 120,527 shares in the company, valued at approximately $7,702,880.57. The trade was a 45.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Bender also recently made the following trade(s):

• On Thursday, October 1st, Scott Bender sold 100,000 shares of Cactus stock. The stock was sold at an average price of $61.97, for a total transaction of $6,197,000.00.

Cactus Price Performance

Shares of WHD traded down $0.15 during trading hours on Tuesday, reaching $62.07. The stock had a trading volume of 587,403 shares, compared to its average volume of 853,409. Cactus, Inc. has a 12 month low of $39.16 and a 12 month high of $74.07. The stock has a market capitalization of $4.98 billion, a PE ratio of 43.11, a PEG ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59. The company’s 50-day moving average is $65.75 and its two-hundred day moving average is $58.39.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.19. The company had revenue of $430.89 million for the quarter, compared to the consensus estimate of $437.94 million. Cactus had a return on equity of 18.24% and a net margin of 6.69%. Cactus’s revenue for the quarter was up 63.2% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Research analysts expect that Cactus, Inc. will post 3.13 EPS for the current year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Monday, November 30th will be given a $0.15 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.60 annualized dividend and a yield of 1.0%. Cactus’s dividend payout ratio (DPR) is currently 41.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in Cactus by 56.8% during the 3rd quarter. Signaturefd LLC now owns 665 shares of the company’s stock worth $41,000 after buying an additional 241 shares during the period. Arizona State Retirement System grew its position in shares of Cactus by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock valued at $981,000 after buying an additional 242 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Cactus by 6.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,900 shares of the company’s stock valued at $305,000 after buying an additional 300 shares during the period. Your Advocates Ltd. LLP acquired a new stake in shares of Cactus in the third quarter valued at about $34,000. Finally, GAMMA Investing LLC increased its stake in shares of Cactus by 29.5% in the second quarter. GAMMA Investing LLC now owns 2,532 shares of the company’s stock valued at $130,000 after buying an additional 577 shares during the period. 85.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WHD has been the topic of several research reports. Wall Street Zen cut Cactus from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler upped their price objective on Cactus from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup raised their price objective on shares of Cactus from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays lifted their target price on shares of Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.75.

Cactus Company Profile

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.