Cactus, Inc. (NYSE:WHD) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA boosted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,640 shares of the company's stock after purchasing an additional 24,517 shares during the quarter. Congress Asset Management Co. MA owned about 0.16% of Cactus worth $5,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WHD. Principal Securities Inc. purchased a new stake in Cactus in the 4th quarter worth approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of Cactus during the 4th quarter valued at $33,000. TFO Wealth Partners LLC raised its position in shares of Cactus by 221,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,214 shares of the company's stock valued at $101,000 after buying an additional 2,213 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Cactus during the 3rd quarter valued at $237,000. Finally, Vest Financial LLC purchased a new stake in shares of Cactus during the 4th quarter valued at $246,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Up 5.7 %

NYSE:WHD traded up $2.86 during mid-day trading on Monday, reaching $52.72. The company's stock had a trading volume of 1,398,700 shares, compared to its average volume of 633,769. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $57.00. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.19 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.95. The stock has a fifty day moving average of $50.84 and a 200-day moving average of $46.80.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The company had revenue of $274.12 million during the quarter, compared to the consensus estimate of $270.70 million. Cactus had a net margin of 14.46% and a return on equity of 22.46%. Cactus's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Cactus, Inc. will post 2.94 earnings per share for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Tuesday, May 28th. Cactus's payout ratio is currently 19.12%.

Analyst Ratings Changes

Several research firms have recently weighed in on WHD. Barclays raised their price objective on shares of Cactus from $55.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, May 6th. Johnson Rice cut shares of Cactus from a "buy" rating to an "accumulate" rating in a research report on Friday, May 31st. Benchmark reaffirmed a "hold" rating on shares of Cactus in a research note on Monday, May 6th. Finally, Bank of America lifted their target price on shares of Cactus from $40.00 to $43.00 and gave the company an "underperform" rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Cactus has a consensus rating of "Hold" and an average price target of $55.14.

Insider Buying and Selling at Cactus

In other Cactus news, President Joel Bender sold 201,585 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the completion of the sale, the president now directly owns 555,001 shares of the company's stock, valued at $28,876,702.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Scott Bender sold 39,957 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.01, for a total value of $2,038,206.57. Following the completion of the sale, the chief executive officer now owns 400,234 shares of the company's stock, valued at approximately $20,415,936.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Joel Bender sold 201,585 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the transaction, the president now owns 555,001 shares in the company, valued at $28,876,702.03. The disclosure for this sale can be found here. Insiders have sold 602,059 shares of company stock worth $30,948,949 over the last quarter. Insiders own 16.84% of the company's stock.

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.