Cactus, Inc. (NYSE:WHD) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its position in Cactus, Inc. (NYSE:WHD) by 44.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,317 shares of the company’s stock after purchasing an additional 3,813 shares during the period. Diversify Wealth Management LLC’s holdings in Cactus were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WHD. Quest Partners LLC acquired a new stake in Cactus in the 3rd quarter valued at about $34,000. Versant Capital Management Inc grew its position in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cactus by 81.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after purchasing an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cactus during the 3rd quarter worth approximately $177,000. Finally, Nisa Investment Advisors LLC lifted its stake in Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WHD shares. Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Bank of America boosted their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research note 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 data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Transactions at Cactus

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the sale, the director now directly owns 12,177 shares in the company, valued at $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, the chief operating officer now directly owns 57,567 shares in the company, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock worth $8,916,325 in the last ninety days. Insiders own 16.84% of the company’s stock.

Cactus Stock Performance

NYSE WHD opened at $63.81 on Wednesday. The business’s 50-day moving average price is $62.75 and its 200 day moving average price is $60.79. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $38.27 and a twelve month high of $70.01. The company has a market capitalization of $5.08 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 5.47 and a beta of 1.98.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $287.47 million. During the same period in the prior year, the firm posted $0.80 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. Cactus’s dividend payout ratio is presently 18.44%.

Cactus 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.