Cactus, Inc. $WHD Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in Cactus, Inc. (NYSE:WHD) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 344,061 shares of the company’s stock after selling 18,992 shares during the period. Cactus makes up 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 26th biggest holding. Leeward Investments LLC MA owned 0.43% of Cactus worth $21,407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Cactus during the second quarter worth about $35,000. Signaturefd LLC increased its holdings in Cactus by 56.8% in the 3rd quarter. Signaturefd LLC now owns 665 shares of the company’s stock valued at $41,000 after buying an additional 241 shares during the period. Harbor Investment Advisory LLC bought a new position in Cactus in the 2nd quarter valued at about $58,000. Parkside Financial Bank & Trust increased its holdings in Cactus by 474.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company’s stock valued at $75,000 after buying an additional 1,210 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Cactus by 29.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,532 shares of the company’s stock valued at $130,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

WHD has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Citigroup reduced their price target on shares of Cactus from $75.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Wall Street Zen raised shares of Cactus from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research report on Tuesday, September 8th. Finally, Piper Sandler boosted their price objective on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $66.60.

Cactus Price Performance

Shares of WHD stock opened at $63.14 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $38.89 and a twelve month high of $74.07. The company has a market cap of $5.06 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.69 and a beta of 1.42. The business has a fifty day simple moving average of $66.59 and a 200 day simple moving average of $60.47.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%. The business had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. During the same period last year, the firm posted $0.66 earnings per share. Cactus’s revenue was up 64.3% compared to the same quarter last year. On average, sell-side analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cactus’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, August 31st. Cactus’s dividend payout ratio (DPR) is currently 51.28%.

Insider Activity at Cactus

In other news, CEO Steven Bender sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $67.65, for a total value of $1,691,250.00. Following the sale, the chief executive officer directly owned 99,241 shares in the company, valued at approximately $6,713,653.65. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Joel Bender sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $70.37, for a total transaction of $7,037,000.00. Following the completion of the sale, the president owned 41,519 shares in the company, valued at approximately $2,921,692.03. The trade was a 70.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 450,155 shares of company stock worth $28,763,333 over the last three months. 12.91% of the stock is owned by insiders.

Cactus 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.