New York State Common Retirement Fund Buys 4,890 Shares of Cactus, Inc. (NYSE:WHD)

New York State Common Retirement Fund raised its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,077 shares of the company's stock after purchasing an additional 4,890 shares during the quarter. New York State Common Retirement Fund owned about 0.23% of Cactus worth $10,684,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Weiss Asset Management LP bought a new position in Cactus during the third quarter valued at about $13,647,000. Bridgewater Associates LP bought a new position in shares of Cactus during the 3rd quarter valued at about $9,501,000. Assenagon Asset Management S.A. grew its stake in shares of Cactus by 394.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company's stock worth $9,338,000 after purchasing an additional 127,614 shares during the last quarter. Geode Capital Management LLC grew its position in Cactus by 6.5% in the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after buying an additional 106,819 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company's stock valued at $7,373,000 after purchasing an additional 100,223 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Stock Up 0.9 %

NYSE:WHD traded up $0.47 on Friday, hitting $52.55. 902,319 shares of the company's stock traded hands, compared to its average volume of 508,598. The firm has a 50-day moving average price of $59.91 and a 200-day moving average price of $61.09. 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 $4.18 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97. Cactus, Inc. has a 1 year low of $44.57 and a 1 year high of $70.01.

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

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. Cactus's payout ratio is 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.40.

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.