Victory Capital Management Inc. Has $45.45 Million Position in Cactus, Inc. (NYSE:WHD)

Victory Capital Management Inc. raised its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 761,745 shares of the company's stock after purchasing an additional 28,663 shares during the period. Victory Capital Management Inc. owned 0.96% of Cactus worth $45,453,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Cactus

In other news, COO Steven Bender sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company's stock, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Tadlock sold 33,500 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WHD has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Cactus from $69.00 to $67.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Bank of America raised their price objective on Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research note on Monday, October 14th. Finally, Barclays downgraded Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.40.

Cactus Stock Down 1.9 %

WHD stock traded down $1.24 during trading hours on Friday, reaching $64.36. 335,201 shares of the stock were exchanged, compared to its average volume of 665,364. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.11 and a beta of 1.95. The firm's 50-day moving average is $61.24 and its 200-day moving average is $56.90. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $287.47 million. During the same quarter last year, the firm earned $0.80 EPS. Cactus's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that Cactus, Inc. will post 3.07 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, December 2nd. Cactus's payout ratio is 18.44%.

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.