Bruce M. Rothstein Sells 5,000 Shares of Cactus, Inc. (NYSE:WHD) Stock

Cactus, Inc. (NYSE:WHD) Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the transaction, the director now owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. This trade represents a 29.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cactus Stock Up 5.3 %

WHD stock opened at $68.78 on Friday. The stock has a market capitalization of $5.47 billion, a P/E ratio of 24.39, a P/E/G ratio of 3.08 and a beta of 1.95. The firm has a 50-day simple moving average of $61.87 and a 200-day simple moving average of $57.22. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52 week low of $37.58 and a 52 week high of $70.01.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.76%. Cactus’s dividend payout ratio is presently 18.44%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WHD. 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 research report on Monday, November 4th. Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Bank of America boosted their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.40.

Institutional Trading of Cactus

Large investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in Cactus during the 3rd quarter valued at about $34,000. GAMMA Investing LLC grew its stake in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after acquiring an additional 340 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Cactus during the 1st quarter valued at about $115,000. Nisa Investment Advisors LLC grew its stake in Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after acquiring an additional 307 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Cactus during the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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.