Cactus, Inc. (NYSE:WHD) Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 32.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 57,203 shares of the company's stock after acquiring an additional 14,141 shares during the period. Vest Financial LLC owned about 0.07% of Cactus worth $2,622,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in shares of Cactus in the fourth quarter valued at $578,000. Van ECK Associates Corp boosted its stake in Cactus by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company's stock worth $63,184,000 after buying an additional 68,718 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after buying an additional 200 shares during the period. Congress Asset Management Co. increased its stake in shares of Cactus by 14.7% during the 4th quarter. Congress Asset Management Co. now owns 284,686 shares of the company's stock valued at $16,614,000 after acquiring an additional 36,567 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Cactus by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock valued at $20,853,000 after acquiring an additional 15,035 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Trading Up 0.4%

Shares of Cactus stock traded up $0.20 during trading hours on Monday, hitting $45.76. The company's stock had a trading volume of 537,297 shares, compared to its average volume of 806,106. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.65 billion, a PE ratio of 16.23, a P/E/G ratio of 5.13 and a beta of 1.49. The business has a fifty day moving average of $40.32 and a 200 day moving average of $51.66. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same period last year, the company posted $0.75 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WHD shares. Stifel Nicolaus decreased their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report 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 on the stock in a report on Wednesday, May 28th. Finally, Barclays upgraded Cactus from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $51.00 to $54.00 in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Cactus presently has an average rating of "Hold" and an average price target of $52.50.

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.