QSV Equity Investors LLC Purchases Shares of 22,015 Cactus, Inc. $WHD

Key Points

• QSV Equity Investors LLC acquired 22,015 shares of Cactus, Inc. valued at approximately $1,009,000 in the first quarter, indicating growing institutional investment in the company.
• Analysts have recently adjusted their price targets for Cactus, with JPMorgan lowering its target from $52.00 to $50.00 and Barclays assigning a new target of $52.00 after a slight decrease.
• Cactus, Inc. announced a quarterly dividend increase to $0.14 per share, reflecting a 1.4% yield and a dividend payout ratio of 19.62%, showcasing the company's commitment to returning value to shareholders.

QSV Equity Investors LLC purchased a new stake in Cactus, Inc. (NYSE:WHD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 22,015 shares of the company's stock, valued at approximately $1,009,000.

Other institutional investors also recently bought and sold shares of the company. Financial Harvest LLC purchased a new stake in Cactus during the 1st quarter worth $130,000. KBC Group NV boosted its position in Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after purchasing an additional 360 shares during the period. Central Pacific Bank Trust Division boosted its position in Cactus by 7.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock worth $164,000 after purchasing an additional 250 shares during the period. Portside Wealth Group LLC boosted its position in Cactus by 12.2% in the 1st quarter. Portside Wealth Group LLC now owns 4,576 shares of the company's stock valued at $210,000 after buying an additional 496 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in Cactus by 7.4% in 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. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on WHD shares. JPMorgan Chase & Co. decreased their price objective 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. Barclays reissued an "overweight" rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a research report on Monday, August 4th. Stifel Nicolaus decreased their price objective 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. Finally, Wall Street Zen cut shares of Cactus from a "hold" rating to a "sell" rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cactus currently has a consensus rating of "Hold" and an average target price of $50.75.

Cactus Stock Performance

Shares of WHD stock opened at $39.70 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The company's 50-day simple moving average is $43.94 and its 200-day simple moving average is $45.27. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.73 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last issued 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 return on equity of 17.34% and a net margin of 16.19%. The company had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. During the same period in the previous year, the business posted $0.81 EPS. The business's revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently announced 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 1.4%. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, August 29th. Cactus's dividend payout ratio is currently 19.62%.

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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