CW Advisors LLC Boosts Holdings in Cactus, Inc. $WHD

Key Points

• CW Advisors LLC increased its stake in Cactus, Inc. by 27.7%, now owning approximately 0.10% of the company valued at $3.57 million.
• Several institutional investors, including Wells Fargo, have raised their positions in Cactus, contributing to institutional ownership of 85.11% in the company.
• Cactus, Inc. recently declared a quarterly dividend of $0.14 per share, marking an increase from its previous dividend of $0.13, with a yield of 1.3%.

CW Advisors LLC raised its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 27.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,988 shares of the company's stock after purchasing an additional 16,936 shares during the period. CW Advisors LLC owned 0.10% of Cactus worth $3,574,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WHD. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Cactus during the first quarter worth $57,000. Financial Harvest LLC acquired a new position in shares of Cactus during the first quarter worth $130,000. KBC Group NV increased its position in shares of 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 purchasing an additional 360 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of 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 purchasing an additional 250 shares in the last quarter. Finally, Portside Wealth Group LLC increased its position in shares of Cactus by 12.2% during the first 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. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Performance

Shares of NYSE WHD traded up $0.46 during mid-day trading on Friday, hitting $42.22. The stock had a trading volume of 84,536 shares, compared to its average volume of 712,024. 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 company has a 50 day moving average of $42.94 and a two-hundred day moving average of $44.26. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The firm has a market cap of $3.37 billion, a PE ratio of 15.91, a PEG ratio of 3.93 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results 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). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The firm had revenue of $273.58 million during the quarter, compared to analyst estimates of $280.28 million. During the same period in the previous year, the company earned $0.81 earnings per share. Cactus's revenue was down 5.8% on a year-over-year basis. Research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Cactus's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.3%. Cactus's dividend payout ratio is currently 19.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WHD shares. JPMorgan Chase & Co. reduced their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus reduced their price target on Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Barclays reaffirmed an "overweight" rating and set a $52.00 price target (down from $53.00) on shares of Cactus in a research report on Monday, August 4th. Finally, Wall Street Zen downgraded Cactus from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.75.

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.