Marshall Financial Group LLC Takes $940,000 Position in Cactus, Inc. $WHD

Key Points

• Marshall Financial Group LLC acquired 21,407 shares in Cactus, Inc. (NYSE: WHD) during the second quarter, with the investment valued at nearly $940,000.
• Brokerages have recently adjusted ratings for Cactus, with Wall Street Zen upgrading the stock to a "hold" and others setting target prices ranging from $50.00 to $53.00.
• Cactus, Inc. has declared an increase in its quarterly dividend from $0.13 to $0.14, reflecting a 1.4% yield as it continues to pay out 21.13% of its earnings.

Marshall Financial Group LLC bought a new stake in Cactus, Inc. (NYSE:WHD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,407 shares of the company's stock, valued at approximately $940,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its position in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after buying an additional 543 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Cactus during the first quarter valued at about $57,000. Financial Harvest LLC bought a new position in Cactus during the first quarter valued at about $130,000. KBC Group NV grew its position in Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after buying an additional 360 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in Cactus by 7.5% during the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock valued at $164,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

WHD traded up $0.17 during midday trading on Monday, hitting $39.65. 122,175 shares of the company traded hands, compared to its average volume of 713,210. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.17 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 3.73 and a beta of 1.53. The company's 50-day moving average is $41.76 and its 200 day moving average is $42.42. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. Cactus had a net margin of 16.19% and a return on equity of 17.34%. Cactus's revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. On average, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were issued a dividend of $0.14 per share. This is an increase from Cactus's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. Cactus's payout ratio is 21.13%.

Insider Transactions at Cactus

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total transaction of $420,307.04. Following the completion of the sale, the executive vice president directly owned 11,088 shares of the company's stock, valued at $458,156.16. This trade represents a 47.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WHD has been the subject of several research reports. Stifel Nicolaus reduced their price target on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of Cactus from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Barclays reiterated an "overweight" rating and set a $52.00 target price (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. Finally, Zacks Research lowered shares of Cactus from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.75.

Cactus 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.