Marshall Financial Group LLC Invests $940,000 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 purchased a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,407 shares of the company's stock, valued at approximately $940,000.

Several other institutional investors have also recently made changes to their positions in WHD. Advisors Asset Management Inc. increased its stake in shares of 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 purchased a new stake in shares of Cactus during the 1st quarter worth $57,000. Financial Harvest LLC bought a new stake in Cactus during the first quarter valued at about $130,000. KBC Group NV boosted 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 purchasing an additional 360 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted 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 purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Insider Buying and Selling

In other news, EVP William D. Marsh sold 10,172 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the completion of the transaction, the executive vice president directly owned 11,088 shares in the company, valued at $458,156.16. This trade represents a 47.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.75% of the company's stock.

Analyst Upgrades and Downgrades

WHD has been the topic of a number of recent research reports. Barclays reaffirmed an "overweight" rating and set a $52.00 price objective (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. Zacks Research downgraded Cactus from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Stifel Nicolaus dropped their price objective on Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. dropped their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen raised Cactus from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.75.

Cactus Stock Down 4.0%

Cactus stock traded down $1.67 during midday trading on Friday, reaching $39.55. The company's stock had a trading volume of 1,595,557 shares, compared to its average volume of 603,678. The stock's 50-day simple moving average is $41.76 and its 200-day simple moving average is $42.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The stock has a market capitalization of $3.16 billion, a P/E ratio of 14.93, a PEG ratio of 3.89 and a beta of 1.53.

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

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date was Friday, August 29th. Cactus's dividend payout ratio (DPR) is 21.13%.

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.