Cactus, Inc. (NYSE:WHD) Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in shares of Cactus, Inc. (NYSE:WHD) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,159 shares of the company’s stock after selling 2,202 shares during the quarter. Leeward Investments LLC MA owned about 0.35% of Cactus worth $12,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Cactus during the third quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in Cactus in the fourth quarter worth about $33,000. Signaturefd LLC raised its position in Cactus by 164.5% in the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after acquiring an additional 533 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Cactus in the third quarter worth about $70,000. Finally, Headlands Technologies LLC bought a new stake in Cactus in the third quarter worth about $134,000. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WHD shares. Benchmark cut shares of Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Bank of America boosted their price target on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus dropped their price target on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.29.

Cactus Trading Up 0.2 %

NYSE WHD traded up $0.09 on Friday, hitting $51.82. 434,898 shares of the company were exchanged, compared to its average volume of 609,039. The company’s 50 day moving average price is $48.59 and its 200-day moving average price is $45.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. The firm has a market capitalization of $4.11 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 9.41 and a beta of 1.96. Cactus, Inc. has a twelve month low of $31.36 and a twelve month high of $57.00.

Cactus (NYSE:WHD) last released its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The company had revenue of $274.87 million for the quarter, compared to analysts’ expectations of $268.56 million. During the same quarter in the previous year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. Analysts predict that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Cactus

In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at approximately $915.80. The disclosure for this sale can be found here. Company insiders own 17.72% 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.