Twinbeech Capital LP Purchases New Stake in Cactus, Inc. (NYSE:WHD)

Twinbeech Capital LP purchased a new stake in Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,561 shares of the company's stock, valued at approximately $3,418,000. Twinbeech Capital LP owned approximately 0.07% of Cactus as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock valued at $448,247,000 after acquiring an additional 147,395 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cactus by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after acquiring an additional 45,821 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after acquiring an additional 9,884 shares in the last quarter. Capital International Investors lifted its position in shares of Cactus by 14.8% in the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock valued at $98,445,000 after acquiring an additional 218,004 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Cactus by 34.6% in the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after acquiring an additional 400,452 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Barclays cut their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.33.

Cactus Price Performance

Shares of NYSE:WHD traded up $0.10 during midday trading on Friday, reaching $41.54. 740,547 shares of the company's stock were exchanged, compared to its average volume of 798,033. The company's 50 day simple moving average is $41.05 and its two-hundred day simple moving average is $53.51. The firm has a market capitalization of $3.32 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. 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 (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 16.57% and a return on equity of 20.24%. The company's revenue 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. Equities research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date is 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.