Keeley Teton Advisors LLC Has $3.31 Million Stake in Cactus, Inc. $WHD

Key Points

• Keeley Teton Advisors LLC increased its stake in Cactus, Inc. by 10.6%, now owning 72,135 shares valued at approximately $3.3 million.
• Cactus recently announced a quarterly dividend increase to $0.14, reflecting a yield of 1.3% and a payout ratio of 19.62%.
• The company's stock has experienced a price fluctuation with a 1-year low of $33.80 and a high of $70.01, currently trading down 1.6%.

Keeley Teton Advisors LLC grew its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,135 shares of the company's stock after acquiring an additional 6,899 shares during the period. Keeley Teton Advisors LLC owned 0.09% of Cactus worth $3,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position 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 acquiring an additional 195,496 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Cactus by 12.1% in the first quarter. Wellington Management Group LLP now owns 1,508,103 shares of the company's stock valued at $69,116,000 after buying an additional 162,374 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cactus by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock valued at $72,271,000 after buying an additional 43,237 shares in the last quarter. Northern Trust Corp raised its position in shares of Cactus by 10.4% in the fourth quarter. Northern Trust Corp now owns 724,891 shares of the company's stock valued at $42,305,000 after buying an additional 68,473 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Cactus by 10,002.6% in the first quarter. Pacer Advisors Inc. now owns 458,053 shares of the company's stock valued at $20,993,000 after buying an additional 453,519 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price target on shares of 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 from $53.00) on shares of Cactus in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Cactus from a "sell" rating to a "hold" rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.75.

Cactus Price Performance

NYSE WHD traded up $0.05 on Friday, hitting $41.95. 563,273 shares of the company's stock were exchanged, compared to its average volume of 698,227. The stock has a 50-day moving average of $42.88 and a 200-day moving average of $44.03. The company has a current ratio of 4.85, a quick ratio of 3.48 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 3.95 and a beta of 1.48.

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

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 29th. Cactus's dividend payout ratio (DPR) is currently 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.