Cactus, Inc. (NYSE:WHD) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC reduced its position in Cactus, Inc. (NYSE:WHD - Free Report) by 37.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,019 shares of the company's stock after selling 98,800 shares during the quarter. Ceredex Value Advisors LLC owned about 0.21% of Cactus worth $9,966,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WHD. New York State Teachers Retirement System raised its position in Cactus by 1.3% in the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock valued at $925,000 after purchasing an additional 200 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Cactus by 0.6% during the second quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company's stock worth $1,678,000 after buying an additional 202 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock worth $188,000 after buying an additional 307 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cactus by 33.8% during the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company's stock worth $71,000 after buying an additional 340 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Cactus by 3.3% in the 2nd quarter. Arizona State Retirement System now owns 18,341 shares of the company's stock valued at $967,000 after acquiring an additional 585 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Price Performance

NYSE WHD traded up $1.29 during mid-day trading on Friday, hitting $60.58. The stock had a trading volume of 868,131 shares, compared to its average volume of 486,658. The company has a 50 day simple moving average of $59.76 and a 200 day simple moving average of $55.87. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 2.83 and a beta of 1.95. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $64.96. The company has a quick ratio of 2.59, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly 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. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same quarter in the previous year, the company posted $0.80 EPS. The business's revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Cactus, Inc. will post 3.04 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.86%. Cactus's dividend payout ratio is currently 18.44%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WHD shares. Citigroup increased their price objective on Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. Barclays boosted their price objective on shares of Cactus from $56.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Piper Sandler reduced their target price on shares of Cactus from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, July 15th. Stifel Nicolaus lowered their target price on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, Bank of America increased their price target on shares of Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.