Insider Selling: Cactus, Inc. (NYSE:WHD) President Sells 201,585 Shares of Stock

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 201,585 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the completion of the sale, the president now directly owns 555,001 shares of the company’s stock, valued at approximately $28,876,702.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 9th, Joel Bender sold 358,458 shares of Cactus stock. The stock was sold at an average price of $51.10, for a total value of $18,317,203.80.

Cactus Stock Up 1.1 %

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

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

Cactus Announces Dividend

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

Hedge Funds Weigh In On Cactus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHD. FMR LLC grew its stake in Cactus by 181.5% during the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock valued at $95,319,000 after purchasing an additional 1,224,079 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Cactus by 595.4% during the fourth quarter. First Trust Advisors LP now owns 683,051 shares of the company’s stock worth $31,011,000 after purchasing an additional 584,831 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Cactus by 3,350.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 513,417 shares of the company’s stock valued at $23,309,000 after buying an additional 498,536 shares during the last quarter. Norges Bank acquired a new position in Cactus in the 4th quarter worth approximately $20,204,000. Finally, Wasatch Advisors LP lifted its stake in Cactus by 39.1% during the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock valued at $66,921,000 after acquiring an additional 375,829 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WHD shares. Bank of America lifted their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Benchmark reiterated a “hold” rating on shares of Cactus in a research note on Monday. Finally, Barclays increased 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 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.14.

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.