Thrivent Financial for Lutherans Purchases 50,489 Shares of Cactus, Inc. (NYSE:WHD)

Thrivent Financial for Lutherans grew its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,695 shares of the company's stock after acquiring an additional 50,489 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Cactus worth $5,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after purchasing an additional 52,085 shares during the period. State Street Corp increased its stake in shares of Cactus by 3.0% during the third quarter. State Street Corp now owns 2,755,757 shares of the company's stock valued at $164,436,000 after buying an additional 81,149 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after acquiring an additional 9,884 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cactus by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock valued at $104,934,000 after acquiring an additional 106,819 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Cactus by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company's stock worth $63,184,000 after acquiring an additional 68,718 shares during the period. 85.11% of the stock is owned by institutional investors.

Remove Ads

Cactus Stock Down 1.2 %

Shares of Cactus stock traded down $0.58 during trading on Thursday, hitting $46.57. The company's stock had a trading volume of 339,935 shares, compared to its average volume of 702,521. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01. The company has a market capitalization of $3.71 billion, a PE ratio of 16.51, a P/E/G ratio of 5.13 and a beta of 2.05. The company has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $59.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Equities research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.12%. The ex-dividend date was Monday, March 3rd. Cactus's dividend payout ratio (DPR) is 18.84%.

Analyst Ratings Changes

Separately, Barclays decreased their price objective on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $55.00.

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.