Victory Capital Management Inc. Has $25.81 Million Holdings in Cactus, Inc. (NYSE:WHD)

Victory Capital Management Inc. lifted its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 568,500 shares of the company's stock after acquiring an additional 22,028 shares during the quarter. Victory Capital Management Inc. owned 0.72% of Cactus worth $25,810,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WHD. Raymond James & Associates increased its stake in shares of Cactus by 12.8% in the third quarter. Raymond James & Associates now owns 145,450 shares of the company's stock valued at $7,303,000 after purchasing an additional 16,526 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cactus by 27.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,017 shares of the company's stock worth $654,000 after buying an additional 2,772 shares in the last quarter. Strs Ohio boosted its holdings in Cactus by 5.1% during the third quarter. Strs Ohio now owns 122,500 shares of the company's stock worth $6,150,000 after buying an additional 5,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cactus by 4.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,526 shares of the company's stock worth $1,432,000 after purchasing an additional 1,177 shares during the period. Finally, Advisor Partners II LLC acquired a new position in Cactus in the 3rd quarter worth approximately $250,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Up 1.1 %

Shares of WHD traded up $0.55 during trading hours on Thursday, reaching $51.11. 900,390 shares of the stock traded hands, compared to its average volume of 603,235. Cactus, Inc. has a 52 week low of $31.36 and a 52 week high of $57.00. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $49.54 and a 200 day simple moving average of $45.59. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 9.11 and a beta of 1.95.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The company had revenue of $274.12 million during the quarter, compared to analyst estimates of $270.70 million. During the same period in the prior year, the company posted $0.64 earnings per share. Cactus's quarterly revenue was up 20.0% on a year-over-year basis. On average, equities analysts forecast that Cactus, Inc. will post 2.87 EPS for the current year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, May 24th. Cactus's payout ratio is 19.12%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Cactus in a research note on Monday. Bank of America boosted their price objective on shares of Cactus from $40.00 to $43.00 and gave the company an "underperform" rating in a report on Monday, April 15th. Finally, Barclays lifted their target price on Cactus from $55.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cactus presently has a consensus rating of "Hold" and a consensus target price of $55.14.

Insider Activity at Cactus

In related news, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the transaction, the executive vice president now owns 3,911 shares of the company's stock, valued at approximately $180,688.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Scott Bender sold 78,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by corporate insiders.

Cactus 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.