Cactus, Inc. (NYSE:WHD) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 487.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,271 shares of the company's stock after purchasing an additional 234,191 shares during the period. Tudor Investment Corp ET AL owned approximately 0.35% of Cactus worth $16,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in Cactus by 429.4% during the 3rd quarter. Barclays PLC now owns 123,562 shares of the company's stock valued at $7,373,000 after acquiring an additional 100,223 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Cactus in the third quarter valued at approximately $177,000. Tidal Investments LLC increased its stake in shares of Cactus by 9.1% during the 3rd quarter. Tidal Investments LLC now owns 31,204 shares of the company's stock worth $1,862,000 after purchasing an additional 2,591 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Cactus by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 342,278 shares of the company's stock worth $20,424,000 after purchasing an additional 15,760 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after buying an additional 52,085 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Up 3.2 %

Shares of WHD traded up $1.26 during midday trading on Friday, reaching $40.96. 657,883 shares of the company were exchanged, compared to its average volume of 787,744. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The stock has a 50-day moving average price of $42.80 and a 200-day moving average price of $55.31. 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 market cap of $3.26 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. During the same quarter in the prior year, the business earned $0.75 EPS. Cactus's quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.27%. Cactus's dividend payout ratio is currently 18.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WHD shares. Stifel Nicolaus decreased their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday. Barclays cut their price objective on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cactus currently has a consensus rating of "Hold" and an average target price of $52.40.

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.