Hunter Perkins Capital Management LLC Acquires Shares of 10,575 Cactus, Inc. $WHD

Hunter Perkins Capital Management LLC bought a new position in Cactus, Inc. (NYSE:WHD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,575 shares of the company's stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WHD. T. Rowe Price Investment Management Inc. raised its holdings in Cactus by 7.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,947,835 shares of the company's stock worth $135,100,000 after purchasing an additional 195,496 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Cactus by 12.1% during the 1st quarter. Wellington Management Group LLP now owns 1,508,103 shares of the company's stock worth $69,116,000 after buying an additional 162,374 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Cactus by 31.5% during the 1st quarter. Alliancebernstein L.P. now owns 868,409 shares of the company's stock worth $39,799,000 after buying an additional 208,172 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Cactus in the 1st quarter valued at approximately $28,924,000. Finally, Encompass Capital Advisors LLC purchased a new stake in shares of Cactus in the first quarter valued at approximately $27,457,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Barclays reiterated an "overweight" rating and issued a $52.00 price target (down previously from $53.00) on shares of Cactus in a report on Monday, August 4th. Zacks Research downgraded shares of Cactus from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of Cactus from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Cactus in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $50.75.

Insider Buying and Selling at Cactus

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the completion of the transaction, the executive vice president owned 11,088 shares in the company, valued at $458,156.16. This represents a 47.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.84% of the stock is owned by insiders.

Cactus Stock Performance

Shares of NYSE:WHD opened at $37.60 on Monday. The firm has a market capitalization of $3.00 billion, a PE ratio of 14.19, a P/E/G ratio of 3.55 and a beta of 1.48. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. The business has a 50-day moving average of $40.84 and a two-hundred day moving average of $42.01.

Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Cactus had a return on equity of 17.34% and a net margin of 16.19%.The business had revenue of $273.58 million for the quarter, compared to analyst estimates of $280.28 million. During the same period last year, the company posted $0.81 EPS. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. This is a positive change from Cactus's previous quarterly dividend of $0.13. Cactus's dividend payout ratio (DPR) is presently 21.13%.

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.

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