Point72 Asset Management L.P. Buys Shares of 244,776 Cactus, Inc. (NYSE:WHD)

Point72 Asset Management L.P. bought a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 244,776 shares of the company's stock, valued at approximately $14,285,000. Point72 Asset Management L.P. owned approximately 0.31% of Cactus at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Oarsman Capital Inc. purchased a new position in shares of Cactus in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Cactus in the fourth quarter valued at approximately $76,000. Finally, AlphaQuest LLC raised its holdings in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after purchasing an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on WHD shares. Stifel Nicolaus dropped their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Finally, Barclays dropped their price objective on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $52.33.

Cactus Stock Performance

WHD traded down $0.42 during trading on Friday, hitting $41.02. The stock had a trading volume of 130,465 shares, compared to its average volume of 794,473. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The firm has a market capitalization of $3.27 billion, a P/E ratio of 14.56, a PEG ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company's 50-day moving average price is $41.14 and its 200 day moving average price is $53.65.

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

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus's payout ratio is 18.51%.

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.