CenterBook Partners LP Invests $484,000 in Cactus, Inc. (NYSE:WHD)

CenterBook Partners LP acquired a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,557 shares of the company's stock, valued at approximately $484,000.

Several other institutional investors have also recently made changes to their positions in WHD. Oarsman Capital Inc. bought a new stake in Cactus in the 4th quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Cactus during the 4th quarter valued at approximately $76,000. Financial Harvest LLC purchased a new stake in shares of Cactus during the first quarter worth $130,000. KBC Group NV lifted 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 acquiring an additional 360 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Cactus by 7.5% in 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. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Barclays decreased their target price on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Friday, June 20th.

Cactus Price Performance

Shares of WHD remained flat at $43.57 during trading hours on Friday. 408,138 shares of the stock were exchanged, compared to its average volume of 690,810. The firm has a 50 day moving average price of $44.18 and a two-hundred day moving average price of $48.13. The stock has a market cap of $3.48 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 3.83 and a beta of 1.48. 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 52-week low of $33.80 and a 52-week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping 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 business had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Cactus's quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.13 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.19%. Cactus's dividend payout ratio is currently 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.