William D. Marsh Sells 10,172 Shares of Cactus (NYSE:WHD) Stock

Key Points

• Executive Selling: Cactus, Inc. EVP William Marsh sold 10,172 shares at an average price of $41.32, reducing his ownership by 47.85% and retaining 11,088 shares valued at approximately $458,156.
• Dividend Increase: The company has declared a quarterly dividend of $0.14 per share, up from $0.13, with a payout ratio of 21.13% and a 1.4% dividend yield.
• Industry Ratings: Analysts have mixed views on Cactus, with Barclays maintaining an "overweight" rating and a $52.00 price target, while other firms have downgraded their price targets from $53 to $50.

Cactus, Inc. (NYSE:WHD - Get Free Report) EVP William D. Marsh sold 10,172 shares of Cactus stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total transaction of $420,307.04. Following the completion of the transaction, the executive vice president owned 11,088 shares of the company's stock, valued at $458,156.16. The trade was a 47.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cactus Price Performance

WHD stock traded down $1.72 during midday trading on Friday, reaching $40.00. The company had a trading volume of 560,876 shares, compared to its average volume of 581,567. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a market capitalization of $3.19 billion, a P/E ratio of 15.09, a P/E/G ratio of 3.77 and a beta of 1.53. The firm has a 50-day moving average price of $42.29 and a 200-day moving average price of $42.73.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The business had revenue of $273.58 million during the quarter, compared to analysts' expectations of $280.28 million. During the same period last year, the company posted $0.81 EPS. Cactus's revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $0.14 dividend. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 29th. This represents a $0.56 annualized dividend and a yield of 1.4%. Cactus's dividend payout ratio (DPR) is currently 21.13%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WHD shares. Zacks Research lowered shares of Cactus from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Wall Street Zen raised shares of Cactus from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Barclays reaffirmed an "overweight" rating and set a $52.00 price target (down previously from $53.00) on shares of Cactus in a report on Monday, August 4th. Stifel Nicolaus lowered their price objective on shares of Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Cactus presently has an average rating of "Hold" and an average price target of $50.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock worth $47,000 after buying an additional 543 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Cactus during the first quarter valued at $57,000. Financial Harvest LLC purchased a new stake in shares of Cactus during the first quarter valued at $130,000. CWM LLC boosted its stake in shares of Cactus by 131.7% during the second quarter. CWM LLC now owns 2,966 shares of the company's stock valued at $130,000 after purchasing an additional 1,686 shares during the period. Finally, KBC Group NV raised its holdings in shares of Cactus by 11.9% in the first quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after acquiring an additional 360 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Company 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.