Brown Advisory Inc. Decreases Stock Position in Cactus, Inc. (NYSE:WHD)

Brown Advisory Inc. reduced its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 531,597 shares of the company's stock after selling 26,118 shares during the period. Brown Advisory Inc. owned 0.67% of Cactus worth $31,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oarsman Capital Inc. purchased a new position in Cactus in the fourth quarter worth $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after purchasing an additional 223 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after purchasing an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cactus during the 4th quarter valued at about $76,000. 85.11% of the stock is owned by institutional investors.

Cactus Stock Performance

Shares of WHD traded up $0.90 on Friday, reaching $41.94. The company's stock had a trading volume of 790,168 shares, compared to its average volume of 792,896. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The stock has a market capitalization of $3.34 billion, a P/E ratio of 14.87, a PEG ratio of 5.13 and a beta of 1.50. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01. The stock's 50 day simple moving average is $41.64 and its two-hundred day simple moving average is $54.59.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays decreased their target price on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on Cactus from $54.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. One 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. Based on data from MarketBeat, Cactus presently has a consensus rating of "Hold" and an average target price of $52.33.

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.