Bryce Point Capital LLC Invests $443,000 in Cactus, Inc. (NYSE:WHD)

Bryce Point Capital LLC bought a new position in Cactus, Inc. (NYSE:WHD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 7,586 shares of the company's stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after buying an additional 147,395 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after purchasing an additional 52,085 shares during the last quarter. State Street Corp increased its holdings in Cactus by 3.0% in the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock worth $164,436,000 after buying an additional 81,149 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cactus by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after acquiring an additional 45,821 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of Cactus by 0.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after acquiring an additional 9,884 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Performance

NYSE WHD traded down $3.40 during mid-day trading on Thursday, reaching $35.76. 231,307 shares of the stock were exchanged, compared to its average volume of 755,692. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market capitalization of $2.85 billion, a P/E ratio of 12.67, a P/E/G ratio of 5.13 and a beta of 1.74. The business's 50 day moving average is $50.24 and its 200-day moving average is $58.08.

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Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million during the quarter, compared to analysts' expectations of $277.59 million. On average, equities research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.45%. Cactus's dividend payout ratio (DPR) is 18.84%.

Analysts Set New Price Targets

Separately, Barclays dropped their price objective on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cactus has an average rating of "Hold" and an average price target of $55.00.

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.