Paradice Investment Management LLC Buys 93,714 Shares of Cactus, Inc. $WHD

Key Points

• Paradice Investment Management increased its stake in Cactus (NYSE:WHD) by 16.1% in Q4, buying 93,714 shares to hold 675,932 shares (about 0.85% of the company) valued at roughly $30.88 million, making WHD ~6% of Paradice’s portfolio and its 7th largest holding.
• Cactus reported a quarterly EPS beat ($0.65 vs. $0.58) and revenue of $261.2M (vs. $250.6M expected) despite revenue declining 4% year‑over‑year, and the company pays a quarterly dividend of $0.14 ($0.56 annually, ~1.0% yield).
• Insiders sold about 200,000 shares in the last quarter — including President Joel Bender’s sale of 106,809 shares (a ~79% reduction in his holdings) — while institutional investors own roughly 85.11% of the stock.

Paradice Investment Management LLC lifted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 16.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 675,932 shares of the company's stock after purchasing an additional 93,714 shares during the quarter. Cactus comprises about 6.0% of Paradice Investment Management LLC's portfolio, making the stock its 7th largest holding. Paradice Investment Management LLC owned about 0.85% of Cactus worth $30,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WHD. Wellington Management Group LLP increased its stake in Cactus by 52.8% during the 3rd quarter. Wellington Management Group LLP now owns 3,304,595 shares of the company's stock valued at $130,432,000 after purchasing an additional 1,141,249 shares in the last quarter. State Street Corp lifted its stake in shares of Cactus by 0.7% during the second quarter. State Street Corp now owns 2,774,526 shares of the company's stock worth $121,302,000 after buying an additional 18,104 shares during the period. Capital International Investors lifted its stake in shares of Cactus by 2.9% during the third quarter. Capital International Investors now owns 1,845,521 shares of the company's stock worth $72,843,000 after buying an additional 52,139 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cactus by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,717,598 shares of the company's stock valued at $67,797,000 after buying an additional 123,459 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cactus by 16.1% during the third quarter. First Trust Advisors LP now owns 1,566,884 shares of the company's stock valued at $61,845,000 after buying an additional 217,016 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Up 2.4%

Shares of WHD stock opened at $55.45 on Friday. Cactus, Inc. has a twelve month low of $33.20 and a twelve month high of $59.25. The stock has a market cap of $4.43 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.32 and a beta of 1.31. The stock has a 50 day moving average of $51.41 and a 200 day moving average of $47.85. The company has a current ratio of 5.81, a quick ratio of 4.13 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $261.20 million for the quarter, compared to analyst estimates of $250.60 million. Cactus had a return on equity of 15.18% and a net margin of 15.39%.The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts expect that Cactus, Inc. will post 2.53 EPS for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 2nd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. Cactus's dividend payout ratio is 23.33%.

Insider Buying and Selling

In related news, President Joel Bender sold 106,809 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.92, for a total transaction of $5,331,905.28. Following the sale, the president owned 27,793 shares in the company, valued at approximately $1,387,426.56. This trade represents a 79.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 200,000 shares of company stock worth $10,039,080 in the last quarter. 12.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays raised their price target on shares of Cactus from $56.00 to $62.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. Zacks Research downgraded shares of Cactus from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cactus in a research note on Friday, March 27th. Wall Street Zen cut shares of Cactus from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Finally, Piper Sandler began coverage on shares of Cactus in a research report on Tuesday, February 24th. They set an "overweight" rating and a $73.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $56.33.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.

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