Envestnet Asset Management Inc. decreased its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,804 shares of the company's stock after selling 7,236 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of Cactus worth $3,337,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHD. Oarsman Capital Inc. purchased a new stake in shares of Cactus during the fourth quarter worth $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Cactus during the 4th quarter worth about $76,000. KBC Group NV raised its stake in shares of Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after purchasing an additional 360 shares in the last quarter. Central Pacific Bank Trust Division raised its stake 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 purchasing an additional 250 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Cactus by 12.2% during the 1st quarter. Portside Wealth Group LLC now owns 4,576 shares of the company's stock worth $210,000 after purchasing an additional 496 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 firms have recently weighed in on WHD. Barclays cut their price target on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday, June 20th. Stifel Nicolaus reduced their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th.
Check Out Our Latest Stock Report on Cactus
Cactus Price Performance
NYSE WHD opened at $46.11 on Friday. The stock's 50-day moving average is $44.31 and its two-hundred day moving average is $47.55. 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. The firm has a market cap of $3.68 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 4.06 and a beta of 1.48.
Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share 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 business had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same period last year, the business earned $0.75 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.
Cactus Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were issued a $0.13 dividend. 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%.
Cactus Company Profile
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding WHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cactus, Inc. (NYSE:WHD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cactus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cactus wasn't on the list.
While Cactus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
