Cactus, Inc. (NYSE:WHD) CEO Sells $2,038,206.57 in Stock

Cactus, Inc. (NYSE:WHD) CEO Scott Bender sold 39,957 shares of Cactus stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.01, for a total value of $2,038,206.57. Following the sale, the chief executive officer now owns 400,234 shares of the company’s stock, valued at $20,415,936.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 4th, Scott Bender sold 78,000 shares of Cactus stock. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00.

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 declared 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. The ex-dividend date 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 is currently 19.12%.

Wall Street Analyst Weigh In

WHD has been the subject of several research reports. Benchmark reaffirmed a “hold” rating on shares of Cactus in a research report on Monday. Bank of America upped their price objective on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cactus presently has a consensus rating of “Hold” and an average target price of $55.14.

Institutional Investors Weigh In On Cactus

A number of large investors have recently made changes to their positions in the stock. Raymond James & Associates lifted its position in Cactus by 12.8% during the 3rd quarter. Raymond James & Associates now owns 145,450 shares of the company’s stock worth $7,303,000 after acquiring an additional 16,526 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cactus by 27.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,017 shares of the company’s stock worth $654,000 after buying an additional 2,772 shares during the period. Strs Ohio increased its holdings in Cactus by 5.1% in the 3rd quarter. Strs Ohio now owns 122,500 shares of the company’s stock worth $6,150,000 after buying an additional 5,900 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Cactus by 4.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,526 shares of the company’s stock worth $1,432,000 after buying an additional 1,177 shares during the last quarter. Finally, Advisor Partners II LLC acquired a new stake in Cactus during the 3rd quarter valued at approximately $250,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.