Insider Selling: Cactus, Inc. (NYSE:WHD) CEO Sells 33,500 Shares of Stock

Cactus, Inc. (NYSE:WHD - Get Free Report) CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the transaction, the chief executive officer now directly owns 36,357 shares of the company's stock, valued at approximately $2,230,501.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cactus Stock Up 1.3 %

Shares of WHD traded up $0.78 during trading hours on Monday, hitting $61.36. The company had a trading volume of 634,974 shares, compared to its average volume of 736,278. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $64.96. The firm has a fifty day moving average price of $59.76 and a 200-day moving average price of $55.92. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.83 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 3.82.

Cactus (NYSE:WHD - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts forecast that Cactus, Inc. will post 3.04 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.85%. Cactus's dividend payout ratio is 18.44%.

Analysts Set New Price Targets

A number of research firms have weighed in on WHD. Barclays downgraded Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 target price on the stock. in a report on Monday. Piper Sandler reduced their price target on Cactus from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, July 15th. Citigroup increased their price objective on Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. Bank of America boosted their target price on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a report on Monday, October 14th. Finally, Stifel Nicolaus decreased their price target on shares of Cactus from $69.00 to $67.00 and set a "buy" rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cactus currently has an average rating of "Hold" and an average target price of $56.40.

Institutional Trading of Cactus

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Cactus by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company's stock worth $329,182,000 after acquiring an additional 53,142 shares during the period. Pacer Advisors Inc. bought a new stake in Cactus in the 2nd quarter worth approximately $122,623,000. Boston Trust Walden Corp raised its stake in Cactus by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company's stock valued at $103,119,000 after buying an additional 25,839 shares during the last quarter. Capital International Investors lifted its holdings in shares of Cactus by 3.9% during the 1st quarter. Capital International Investors now owns 1,293,233 shares of the company's stock valued at $64,778,000 after buying an additional 48,379 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cactus by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,087 shares of the company's stock valued at $60,811,000 after buying an additional 38,983 shares during the period. Institutional investors own 85.11% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.