Teacher Retirement System of Texas Buys Shares of 9,743 Cactus, Inc. (NYSE:WHD)

Teacher Retirement System of Texas purchased a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,743 shares of the company's stock, valued at approximately $447,000.

A number of other hedge funds also recently modified their holdings of the business. Oarsman Capital Inc. bought a new position in Cactus during the fourth quarter worth $26,000. Meeder Asset Management Inc. bought a new position in Cactus during the fourth quarter worth $76,000. KBC Group NV raised its stake in Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after buying an additional 360 shares during the last quarter. Central Pacific Bank Trust Division raised its stake 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 buying an additional 250 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in Cactus by 12.2% during the first quarter. Portside Wealth Group LLC now owns 4,576 shares of the company's stock worth $210,000 after buying an additional 496 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WHD shares. Stifel Nicolaus lowered their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Barclays decreased their price target on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday, June 20th.

Cactus Stock Down 0.2%

WHD traded down $0.09 during midday trading on Monday, hitting $43.46. The company had a trading volume of 602,002 shares, compared to its average volume of 688,407. The company has a quick ratio of 3.47, a current ratio of 4.85 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $44.18 and its 200 day moving average price is $47.98. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 3.83 and a beta of 1.48. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01.

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

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus's payout ratio is presently 18.51%.

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.