Boston Trust Walden Corp Lowers Stock Holdings in Cactus, Inc. (NYSE:WHD)

Boston Trust Walden Corp lowered its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,787,605 shares of the company's stock after selling 167,622 shares during the quarter. Boston Trust Walden Corp owned 2.25% of Cactus worth $106,666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WHD. Pacer Advisors Inc. bought a new position in Cactus during the 2nd quarter valued at approximately $122,623,000. Makaira Partners LLC raised its holdings in Cactus by 399.6% in the 2nd quarter. Makaira Partners LLC now owns 499,581 shares of the company's stock worth $26,348,000 after purchasing an additional 399,581 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Cactus by 39.1% in the first quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company's stock worth $66,921,000 after buying an additional 375,829 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cactus by 3,604.5% in the 2nd quarter. Principal Financial Group Inc. now owns 326,518 shares of the company's stock valued at $17,221,000 after purchasing an additional 317,704 shares during the period. Finally, Barlow Wealth Partners Inc. bought a new position in Cactus in the second quarter worth $14,553,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WHD. Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th. 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, October 11th. Piper Sandler reduced 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. Citigroup boosted their target price on Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. Finally, Barclays raised their price target on Cactus from $56.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, August 5th. One equities research 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, the company currently has an average rating of "Hold" and a consensus target price of $56.40.

Cactus Stock Performance

Shares of Cactus stock traded down $0.30 during trading on Friday, hitting $58.28. 437,803 shares of the company's stock traded hands, compared to its average volume of 736,645. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $64.96. The business has a 50-day simple moving average of $59.80 and a 200-day simple moving average of $55.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.75 and a quick ratio of 2.59. The stock has a market capitalization of $4.64 billion, a P/E ratio of 23.22, a PEG ratio of 2.84 and a beta of 1.95.

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

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.89%. This is a positive change from Cactus's previous quarterly dividend of $0.12. The ex-dividend date was Monday, August 26th. Cactus's payout ratio is 20.72%.

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.