Cactus, Inc. (NYSE:WHD) is Makaira Partners LLC's 10th Largest Position

Makaira Partners LLC cut its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 441,964 shares of the company's stock after selling 39,010 shares during the period. Cactus makes up 3.6% of Makaira Partners LLC's holdings, making the stock its 10th biggest holding. Makaira Partners LLC owned approximately 0.56% of Cactus worth $25,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Advisors LP lifted its stake in Cactus by 34.6% during the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock worth $90,841,000 after purchasing an additional 400,452 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Cactus in the 4th quarter valued at $19,235,000. Raymond James Financial Inc. acquired a new position in Cactus during the 4th quarter worth about $16,377,000. Tudor Investment Corp ET AL boosted its holdings in Cactus by 487.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company's stock valued at $16,473,000 after acquiring an additional 234,191 shares during the period. Finally, Capital International Investors grew its position in 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. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WHD. Stifel Nicolaus dropped their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday. Barclays dropped their price objective on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cactus presently has an average rating of "Hold" and an average target price of $52.40.

Cactus Stock Up 3.2 %

NYSE:WHD traded up $1.26 during midday trading on Friday, hitting $40.96. 657,883 shares of the company were exchanged, compared to its average volume of 787,745. Cactus, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The company has a market capitalization of $3.26 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $42.80 and a 200 day simple moving average of $55.31.

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

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.27%. Cactus's payout ratio is 18.51%.

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.