Cactus, Inc. (NYSE:WHD) President Joel Bender Sells 358,458 Shares

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 358,458 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $51.10, for a total value of $18,317,203.80. Following the completion of the transaction, the president now owns 156,586 shares of the company’s stock, valued at approximately $8,001,544.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, May 7th, Joel Bender sold 201,585 shares of Cactus stock. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55.

Cactus Price Performance

Shares of NYSE WHD traded up $0.55 during mid-day trading on Thursday, reaching $51.11. 900,044 shares of the company were exchanged, compared to its average volume of 603,238. Cactus, Inc. has a 52 week low of $31.36 and a 52 week high of $57.00. The company’s 50 day moving average price is $49.54 and its 200 day moving average price is $45.59. The stock has a market capitalization of $4.06 billion, a PE ratio of 20.36, a PEG ratio of 9.11 and a beta of 1.95. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $274.12 million for the quarter, compared to analysts’ expectations of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. Cactus’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Sell-side analysts forecast that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. Cactus’s dividend payout ratio (DPR) is 19.12%.

Analyst Ratings Changes

A number of research analysts have weighed in on WHD shares. Benchmark reiterated a “hold” rating on shares of Cactus in a research note on Monday. Bank of America boosted their price objective on shares of Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. Finally, Barclays boosted their price target on shares of Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday. One research 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. According to data from MarketBeat.com, Cactus presently has a consensus rating of “Hold” and an average price target of $55.14.

Hedge Funds Weigh In On Cactus

A number of large investors have recently added to or reduced their stakes in WHD. Assenagon Asset Management S.A. increased its holdings in shares of Cactus by 198.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 208,010 shares of the company’s stock worth $9,444,000 after buying an additional 138,294 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Cactus by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock valued at $88,127,000 after purchasing an additional 26,185 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Cactus by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 572,530 shares of the company’s stock worth $28,747,000 after purchasing an additional 18,673 shares during the last quarter. FMR LLC increased its stake in shares of Cactus by 181.5% in the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after buying an additional 1,224,079 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Cactus by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,979 shares of the company’s stock valued at $451,000 after buying an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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.