Fort Washington Investment Advisors Inc. OH Purchases 29,850 Shares of Cactus, Inc. (NYSE:WHD)

Fort Washington Investment Advisors Inc. OH raised its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 393,801 shares of the company's stock after purchasing an additional 29,850 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.49% of Cactus worth $18,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund grew its holdings in shares of Cactus by 0.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after buying an additional 169 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock valued at $2,091,000 after purchasing an additional 177 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock worth $606,000 after purchasing an additional 180 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock worth $916,000 after purchasing an additional 200 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WHD shares. Stifel Nicolaus reduced their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Barclays upgraded shares of Cactus from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $51.00 to $54.00 in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $52.50.

Cactus Stock Performance

Shares of NYSE WHD traded up $0.05 during midday trading on Friday, hitting $46.14. 599,112 shares of the company's stock traded hands, compared to its average volume of 786,245. The firm has a fifty day moving average of $40.78 and a 200 day moving average of $51.27. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 5.13 and a beta of 1.49.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. During the same period in the prior year, the company earned $0.75 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.13%. Cactus's dividend payout ratio (DPR) is 18.51%.

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.