Insider Selling: Cactus (NYSE:WHD) EVP Sells 10,172 Shares of 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 Marsh sold 10,172 shares of the 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 sale, the executive vice president directly owned 11,088 shares in the company, valued at approximately $458,156.16. The trade was a 47.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cactus Price Performance

Shares of WHD stock traded down $1.01 during mid-day trading on Tuesday, hitting $40.93. 980,860 shares of the stock were exchanged, compared to its average volume of 598,188. The firm has a fifty day moving average of $42.54 and a 200 day moving average of $43.15. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The company has a market cap of $3.27 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.94 and a beta of 1.53.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share 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 analyst estimates of $280.28 million. During the same quarter last year, the company earned $0.81 EPS. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. Research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be given a dividend of $0.14 per share. 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 dividend yield of 1.4%. Cactus's payout ratio is currently 21.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WHD shares. Barclays restated an "overweight" rating and set a $52.00 price target (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. JPMorgan Chase & Co. cut their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Stifel Nicolaus cut their price objective on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Cactus from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Cactus currently has a consensus rating of "Hold" and a consensus price target of $50.75.

Institutional Trading of Cactus

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after purchasing an additional 543 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Cactus in the 1st quarter valued at approximately $57,000. Financial Harvest LLC purchased a new position in Cactus in the 1st quarter valued at approximately $130,000. CWM LLC boosted its position in Cactus by 131.7% in the 2nd quarter. CWM LLC now owns 2,966 shares of the company's stock valued at $130,000 after buying an additional 1,686 shares during the period. Finally, KBC Group NV boosted its position in Cactus by 11.9% in the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

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.

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