Leeward Investments LLC MA Has $12.45 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Leeward Investments LLC MA cut its stake in Cactus, Inc. (NYSE:WHD) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,159 shares of the company’s stock after selling 2,202 shares during the period. Leeward Investments LLC MA’s holdings in Cactus were worth $12,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in shares of Cactus by 198.4% during the 4th 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 in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Cactus by 1.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after buying an additional 26,185 shares in the last quarter. FMR LLC raised its holdings in shares of Cactus by 181.5% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cactus by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 572,530 shares of the company’s stock worth $28,747,000 after buying an additional 18,673 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Cactus by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,979 shares of the company’s stock worth $451,000 after buying an additional 1,071 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cactus

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the sale, the chief executive officer now owns 20 shares in the company, valued at approximately $915.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 17.72% of the company’s stock.

Cactus Price Performance

WHD stock traded up $0.09 during midday trading on Friday, reaching $51.82. 434,898 shares of the stock were exchanged, compared to its average volume of 609,039. The stock has a market capitalization of $4.11 billion, a PE ratio of 20.31, a P/E/G ratio of 9.41 and a beta of 1.96. Cactus, Inc. has a 52 week low of $31.36 and a 52 week high of $57.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. The company has a fifty day moving average price of $48.59 and a 200 day moving average price of $45.59.

Cactus (NYSE:WHD) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The firm had revenue of $274.87 million for the quarter, compared to analyst estimates of $268.56 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue was up 46.4% on a year-over-year basis. As a group, analysts expect that Cactus, Inc. will post 2.87 EPS for the current fiscal year.

Analysts Set New Price Targets

WHD has been the subject of a number of research analyst reports. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Bank of America boosted their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. Finally, Stifel Nicolaus reduced their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cactus currently has a consensus rating of “Hold” and an average target price of $55.29.

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.