Leeward Investments LLC MA Reduces Stake in Cactus, Inc. (NYSE:WHD)

Leeward Investments LLC MA cut its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 245,050 shares of the company's stock after selling 11,759 shares during the quarter. Leeward Investments LLC MA owned 0.31% of Cactus worth $11,231,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WHD. State of Tennessee Department of Treasury increased its position in shares of Cactus by 0.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock valued at $2,091,000 after buying an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock valued at $606,000 after acquiring an additional 180 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after acquiring an additional 223 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Cactus by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock valued at $220,000 after acquiring an additional 239 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Cactus by 7.5% during the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock worth $164,000 after acquiring an additional 250 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

Shares of NYSE WHD opened at $45.27 on Friday. The company has a 50-day simple moving average of $43.13 and a 200-day simple moving average of $49.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The company has a market cap of $3.61 billion, a PE ratio of 16.11 and a beta of 1.48. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The firm had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. Cactus's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a dividend of $0.13 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.15%. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus reduced their price target 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. JPMorgan Chase & Co. cut their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Finally, Barclays lowered their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cactus presently has an average rating of "Hold" and an average target price of $52.33.

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.

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