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

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 358,458 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $51.10, for a total transaction of $18,317,203.80. Following the completion of the sale, the president now directly owns 156,586 shares in the company, valued at $8,001,544.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 WHD opened at $51.11 on Friday. The company has a market capitalization of $4.06 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 9.11 and a beta of 1.95. Cactus, Inc. has a twelve month low of $31.36 and a twelve month high of $57.00. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $49.65 and a 200 day moving average of $45.63.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The business had revenue of $274.12 million during the quarter, compared to analyst estimates of $270.70 million. During the same quarter in the previous year, the firm earned $0.64 EPS. Cactus’s revenue was up 20.0% on a year-over-year basis. As a group, equities research analysts anticipate that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Cactus Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America increased their price objective on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Benchmark reissued a “hold” rating on shares of Cactus in a report on Monday. Finally, Barclays upped their price objective on shares of Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.14.

Hedge Funds Weigh In On Cactus

A number of institutional investors and hedge funds have recently made changes to their positions in WHD. Principal Securities Inc. bought a new position in Cactus in the fourth quarter worth approximately $30,000. NBC Securities Inc. bought a new position in Cactus in the 3rd quarter worth $36,000. GAMMA Investing LLC bought a new position in Cactus in the 4th quarter worth $33,000. Signaturefd LLC lifted its position in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Cactus during the third quarter valued at about $70,000. 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.