Cactus, Inc. (NYSE:WHD) Shares Sold by Victory Capital Management Inc.

Posted by on Jul 29th, 2023

Victory Capital Management Inc. decreased its position in Cactus, Inc. (NYSE:WHD – Free Report) by 52.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 486,333 shares of the company’s stock after selling 531,605 shares during the quarter. Victory Capital Management Inc. owned 0.61% of Cactus worth $20,052,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Cactus by 6.2% in the fourth quarter. CWM LLC now owns 3,232 shares of the company’s stock valued at $162,000 after purchasing an additional 189 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Cactus by 59.9% in the third quarter. Public Employees Retirement System of Ohio now owns 678 shares of the company’s stock valued at $26,000 after purchasing an additional 254 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Cactus by 1.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,259 shares of the company’s stock valued at $1,270,000 after purchasing an additional 279 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Cactus by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,759 shares of the company’s stock valued at $792,000 after purchasing an additional 320 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Cactus by 3.5% in the fourth quarter. Amalgamated Bank now owns 9,790 shares of the company’s stock valued at $492,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Cactus Stock Performance

NYSE:WHD opened at $49.51 on Friday. The firm’s fifty day moving average price is $41.39 and its 200 day moving average price is $43.77. Cactus, Inc. has a 1-year low of $31.36 and a 1-year high of $58.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 1.58. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.27 and a beta of 2.01.

Cactus (NYSE:WHD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Cactus had a net margin of 17.18% and a return on equity of 19.95%. The firm had revenue of $228.40 million for the quarter, compared to analyst estimates of $217.45 million. During the same period last year, the firm posted $0.30 EPS. Cactus’s quarterly revenue was up 56.5% on a year-over-year basis. On average, sell-side analysts expect that Cactus, Inc. will post 2.59 EPS for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, May 26th. Cactus’s dividend payout ratio (DPR) is currently 21.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WHD shares. Citigroup increased their price target on shares of Cactus from $40.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 18th. Stifel Nicolaus lowered their target price on shares of Cactus from $64.00 to $61.00 in a research report on Friday, May 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.17.

Cactus Company Profile

(Free Report)

Cactus, Inc designs, manufactures, and sells a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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