Ceredex Value Advisors LLC Increases Stock Position in Cactus, Inc. (NYSE:WHD)

Ceredex Value Advisors LLC increased its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,369 shares of the company's stock after purchasing an additional 11,350 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.22% of Cactus worth $10,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WHD. Oarsman Capital Inc. bought a new position in Cactus in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its stake in shares of Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after buying an additional 223 shares during the period. Versant Capital Management Inc raised its holdings in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after acquiring an additional 337 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Cactus during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Shares of WHD traded down $0.98 during trading hours on Monday, hitting $36.83. 332,843 shares of the stock were exchanged, compared to its average volume of 775,994. The stock's 50-day moving average price is $46.97 and its two-hundred day moving average price is $56.90. 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 cap of $2.93 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01.

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

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 yield of 1.41%. Cactus's dividend payout ratio is presently 18.84%.

Analyst Ratings Changes

WHD has been the topic of several research analyst reports. Barclays dropped their target price on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their target price on Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. One 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $53.80.

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.