Cactus, Inc. (NYSE:WHD) Stock Holdings Boosted by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in Cactus, Inc. by 6.5%, now owning approximately $10 million worth of shares after acquiring an additional 13,380 shares.
• Cactus, Inc. reported $0.73 earnings per share for the last quarter, surpassing analysts' expectations and showing a 2.3% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.13 per share, yielding around 1.13% annually, with a payout ratio of 18.51%.

Royce & Associates LP lifted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,487 shares of the company's stock after buying an additional 13,380 shares during the period. Royce & Associates LP owned approximately 0.27% of Cactus worth $10,013,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Oarsman Capital Inc. bought a new stake in Cactus in the fourth quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in shares of Cactus in the 4th quarter worth approximately $76,000. Financial Harvest LLC acquired a new stake in Cactus during the first quarter valued at approximately $130,000. KBC Group NV boosted its holdings in Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after buying an additional 360 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in Cactus by 7.5% during the first 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. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

WHD has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays reduced their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. dropped their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th.

Cactus Trading Down 0.5%

Cactus stock opened at $46.11 on Friday. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.47 and a current ratio of 4.85. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 4.07 and a beta of 1.48. The company has a 50 day moving average price of $44.31 and a 200 day moving average price of $47.63.

Cactus (NYSE:WHD - Get Free Report) last released its 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 return on equity of 18.99% and a net margin of 16.78%. The company had revenue of $280.32 million during the quarter, compared to analyst estimates of $272.22 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.13%. Cactus's dividend payout ratio (DPR) is presently 18.51%.

About Cactus

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.

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