Makaira Partners LLC Cuts Position in Cactus, Inc. (NYSE:WHD)

Makaira Partners LLC cut its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 441,964 shares of the company's stock after selling 39,010 shares during the quarter. Cactus makes up 4.0% of Makaira Partners LLC's portfolio, making the stock its 9th largest position. Makaira Partners LLC owned 0.56% of Cactus worth $25,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oarsman Capital Inc. bought a new stake in Cactus during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC grew its position in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after buying an additional 223 shares during the period. Jones Financial Companies Lllp grew its position in shares of Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after buying an additional 337 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cactus during the 4th quarter worth approximately $76,000. Finally, AlphaQuest LLC grew its position in shares of Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after buying an additional 1,142 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Trading Up 1.0%

WHD traded up $0.43 during midday trading on Thursday, reaching $41.94. 354,933 shares of the company were exchanged, compared to its average volume of 798,820. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The stock has a market capitalization of $3.35 billion, a P/E ratio of 14.87, a PEG ratio of 5.13 and a beta of 1.50. The stock's 50-day simple moving average is $40.77 and its 200 day simple moving average is $52.97.

Cactus (NYSE:WHD - Get Free Report) last issued 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. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. During the same quarter last year, the business earned $0.75 earnings per share. The company's revenue was up 2.3% compared to the same quarter last year. As a group, analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cactus has an average rating of "Hold" and an average price target of $52.00.

Cactus Company 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.