CenterBook Partners LP Takes Position in Cactus, Inc. (NYSE:WHD)

CenterBook Partners LP purchased a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,557 shares of the company's stock, valued at approximately $484,000.

A number of other large investors also recently added to or reduced their stakes in WHD. Oarsman Capital Inc. acquired a new position in Cactus during the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Cactus in the fourth quarter valued at $76,000. Financial Harvest LLC acquired a new stake in shares of Cactus in the first quarter valued at $130,000. KBC Group NV raised its stake in shares of Cactus by 11.9% in the first quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after acquiring an additional 360 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Cactus by 7.5% in the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock valued at $164,000 after acquiring an additional 250 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on WHD. Barclays cut their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Friday, June 20th. Stifel Nicolaus lowered their price target on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th.

Cactus Stock Up 0.5%

NYSE:WHD traded up $0.24 during mid-day trading on Monday, reaching $43.79. The stock had a trading volume of 125,742 shares, compared to its average volume of 686,539. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The stock's 50 day simple moving average is $44.18 and its two-hundred day simple moving average is $47.98. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 3.83 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The company had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same period in the previous year, the business earned $0.75 EPS. The company's revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, June 2nd. 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.