Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Cactus, Inc. (NYSE:WHD)

Fort Washington Investment Advisors Inc. OH raised its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 393,801 shares of the company's stock after acquiring an additional 29,850 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.49% of Cactus worth $18,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in Cactus by 535.8% in the 1st quarter. SG Americas Securities LLC now owns 14,413 shares of the company's stock valued at $661,000 after acquiring an additional 12,146 shares during the last quarter. Portside Wealth Group LLC increased its holdings in Cactus by 16.8% in the 1st quarter. Portside Wealth Group LLC now owns 5,343 shares of the company's stock valued at $245,000 after acquiring an additional 767 shares during the last quarter. Congress Asset Management Co. increased its holdings in Cactus by 13.3% in the 1st quarter. Congress Asset Management Co. now owns 322,467 shares of the company's stock valued at $14,779,000 after acquiring an additional 37,781 shares during the last quarter. Vest Financial LLC increased its holdings in Cactus by 32.8% in the 1st quarter. Vest Financial LLC now owns 57,203 shares of the company's stock valued at $2,622,000 after acquiring an additional 14,141 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Cactus by 0.7% in the 1st quarter. Rhumbline Advisers now owns 195,038 shares of the company's stock worth $8,939,000 after buying an additional 1,270 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Down 0.5%

Shares of WHD stock traded down $0.21 during trading hours on Monday, reaching $45.96. 483,972 shares of the stock were exchanged, compared to its average volume of 781,725. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $41.22 and its 200-day moving average price is $50.73. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.49.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. During the same period in the previous year, the company earned $0.75 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. Cactus's dividend payout ratio is presently 18.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WHD. JPMorgan Chase & Co. reduced their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus reduced their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Barclays upgraded shares of Cactus from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $51.00 to $54.00 in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $52.50.

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.