Brown Advisory Inc. Has $23.90 Million Holdings in Cactus, Inc. (NYSE:WHD)

Brown Advisory Inc. cut its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 521,469 shares of the company's stock after selling 10,128 shares during the period. Brown Advisory Inc. owned about 0.66% of Cactus worth $23,899,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of WHD. State of Tennessee Department of Treasury raised its position in shares of Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock worth $2,091,000 after buying an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Cactus by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock worth $606,000 after buying an additional 180 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after buying an additional 223 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Cactus by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock worth $220,000 after buying an additional 239 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in shares of Cactus by 7.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock worth $164,000 after buying an additional 250 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Price Performance

Shares of WHD traded down $0.06 during mid-day trading on Friday, hitting $45.92. The company's stock had a trading volume of 461,133 shares, compared to its average volume of 702,701. The firm has a 50-day moving average price of $43.88 and a 200 day moving average price of $48.49. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 3.94 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The business had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.13 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. Cactus's dividend payout ratio is currently 18.51%.

Analyst Upgrades and Downgrades

WHD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Barclays lowered their price objective on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday, June 20th. Finally, Stifel Nicolaus lowered their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.40.

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.