Keeley Teton Advisors LLC Raises Stock Position 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 holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 10.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,135 shares of the company's stock after acquiring an additional 6,899 shares during the period. Keeley Teton Advisors LLC owned about 0.09% of Cactus worth $3,306,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Tennessee Department of Treasury increased its position in shares of Cactus by 0.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock worth $2,091,000 after purchasing an additional 177 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Cactus by 7.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock valued at $164,000 after buying an additional 250 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Cactus by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,133 shares of the company's stock valued at $300,000 after buying an additional 269 shares during the last quarter. Hancock Whitney Corp grew its position in shares of Cactus by 7.4% during the 4th quarter. Hancock Whitney Corp now owns 4,009 shares of the company's stock valued at $234,000 after buying an additional 277 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Cactus by 5.7% during the 1st quarter. Xponance Inc. now owns 5,405 shares of the company's stock valued at $248,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Trading Down 1.6%

Shares of NYSE:WHD opened at $41.6640 on Tuesday. 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 3.48 and a current ratio of 4.85. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 3.98 and a beta of 1.48. The company has a 50 day moving average price of $43.19 and a 200 day moving average price of $44.43.

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

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Cactus's previous quarterly dividend of $0.13. Cactus's dividend payout ratio (DPR) is presently 19.62%.

Wall Street Analysts Forecast Growth

WHD has been the subject of a number of recent research reports. Barclays reaffirmed an "overweight" rating and set a $52.00 price objective (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. Stifel Nicolaus decreased their target price 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Wall Street Zen cut shares of Cactus from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $50.75.

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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