Cactus, Inc. $WHD Shares Acquired by Cramer Rosenthal Mcglynn LLC

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in Cactus, Inc. by 5.7%, holding 153,206 shares worth $7,021,000 after purchasing an additional 8,226 shares in the first quarter.
• Cactus, Inc. declared a quarterly dividend of $0.14 per share, increasing from $0.13, with a yield of 1.3% and a payout ratio of 21.13%.
• The stock price is currently around $42.26, and analysts have mixed ratings, with a consensus target price of $50.75 for Cactus shares.

Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,206 shares of the company's stock after purchasing an additional 8,226 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.19% of Cactus worth $7,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of Cactus by 7.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,947,835 shares of the company's stock worth $135,100,000 after purchasing an additional 195,496 shares during the period. Wellington Management Group LLP grew its holdings in shares of Cactus by 12.1% during the 1st quarter. Wellington Management Group LLP now owns 1,508,103 shares of the company's stock worth $69,116,000 after purchasing an additional 162,374 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cactus by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock valued at $72,271,000 after acquiring an additional 43,237 shares during the period. Northern Trust Corp grew its position in Cactus by 10.4% in the 4th quarter. Northern Trust Corp now owns 724,891 shares of the company's stock valued at $42,305,000 after acquiring an additional 68,473 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Cactus by 10,002.6% in the 1st quarter. Pacer Advisors Inc. now owns 458,053 shares of the company's stock valued at $20,993,000 after acquiring an additional 453,519 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Up 0.1%

Shares of WHD traded up $0.05 during midday trading on Friday, hitting $41.95. The company had a trading volume of 563,273 shares, compared to its average volume of 698,227. The company's 50-day simple moving average is $42.88 and its 200-day simple moving average is $44.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. The firm has a market capitalization of $3.35 billion, a P/E ratio of 15.83, a P/E/G ratio of 3.94 and a beta of 1.48. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $273.58 million during the quarter, compared to analysts' expectations of $280.28 million. Cactus had a net margin of 16.19% and a return on equity of 17.34%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 29th. This is a boost from Cactus's previous quarterly dividend of $0.13. Cactus's dividend payout ratio (DPR) is 19.62%.

Analyst Ratings Changes

WHD has been the subject of several research reports. Wall Street Zen raised Cactus from a "sell" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. dropped their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their target price on Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Finally, Barclays reaffirmed an "overweight" rating and issued a $52.00 target price (down from $53.00) on shares of Cactus in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $50.75.

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.