Cactus, Inc. (NYSE:WHD) Short Interest Update

Cactus, Inc. (NYSE:WHD - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,390,000 shares, a decline of 18.6% from the September 15th total of 5,390,000 shares. Based on an average trading volume of 716,700 shares, the short-interest ratio is presently 6.1 days.

Cactus Stock Up 0.6 %

WHD stock traded up $0.37 during trading on Friday, reaching $62.97. The stock had a trading volume of 611,558 shares, compared to its average volume of 716,878. The company has a current ratio of 3.75, a quick ratio of 2.59 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $59.53 and a 200 day moving average price of $54.98. The company has a market capitalization of $5.01 billion, a P/E ratio of 25.09, a PEG ratio of 2.29 and a beta of 1.95. Cactus has a 1-year low of $37.58 and a 1-year high of $64.96.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The firm had revenue of $290.39 million for the quarter, compared to the consensus estimate of $276.76 million. During the same period in the prior year, the firm posted $0.84 EPS. The firm's revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Cactus will post 3.04 earnings per share for the current year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Monday, August 26th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.83%. This is an increase from Cactus's previous quarterly dividend of $0.12. The ex-dividend date was Monday, August 26th. Cactus's dividend payout ratio is 20.72%.

Institutional Trading of Cactus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Cactus by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company's stock valued at $329,182,000 after buying an additional 53,142 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Cactus during the second quarter valued at $122,623,000. Boston Trust Walden Corp raised its stake in shares of Cactus by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company's stock worth $103,119,000 after purchasing an additional 25,839 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Cactus by 39.1% in the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company's stock valued at $66,921,000 after buying an additional 375,829 shares in the last quarter. Finally, Capital International Investors increased its holdings in Cactus by 3.9% in the first quarter. Capital International Investors now owns 1,293,233 shares of the company's stock worth $64,778,000 after buying an additional 48,379 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WHD has been the subject of a number of recent research reports. Barclays increased their price target on shares of Cactus from $56.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday. Piper Sandler decreased their price objective on Cactus from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, July 15th. Finally, Citigroup lifted their target price on Cactus from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cactus has an average rating of "Hold" and an average target price of $55.40.

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.