Cactus, Inc. (NYSE:WHD) Stake Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,606,948 shares of the company's stock after selling 190,541 shares during the quarter. Boston Trust Walden Corp owned about 2.02% of Cactus worth $73,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oarsman Capital Inc. bought a new stake in shares of Cactus during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC raised its stake in shares of Cactus by 74.6% during 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 raised its stake in shares of Cactus by 66.9% during 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 in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cactus during the fourth quarter valued at about $76,000. Finally, AlphaQuest LLC raised its stake in shares of Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after purchasing an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WHD shares. Stifel Nicolaus cut 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. JPMorgan Chase & Co. lowered their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Barclays lowered their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $52.33.

Cactus Price Performance

NYSE:WHD traded down $0.39 during mid-day trading on Friday, reaching $45.10. 1,478,774 shares of the stock were exchanged, compared to its average volume of 707,731. The business has a fifty day moving average price of $41.85 and a 200 day moving average price of $50.25. The firm has a market capitalization of $3.60 billion, a PE ratio of 16.05 and a beta of 1.49. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01.

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

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. Cactus's dividend payout ratio is currently 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.