Dupont Capital Management Corp Buys New Stake in Cactus, Inc. (NYSE:WHD)

Dupont Capital Management Corp purchased a new stake in shares of Cactus, Inc. (NYSE:WHDGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,391 shares of the company’s stock, valued at approximately $322,000.

Several other institutional investors have also recently made changes to their positions in WHD. EverSource Wealth Advisors LLC boosted its holdings in Cactus by 866.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $27,000 after buying an additional 598 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Cactus in the second quarter worth $39,000. Premier Fund Managers Ltd grew its stake in Cactus by 6.8% during the 2nd quarter. Premier Fund Managers Ltd now owns 23,643 shares of the company’s stock worth $82,000 after purchasing an additional 1,500 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Cactus by 48.1% during the second quarter. Captrust Financial Advisors now owns 2,120 shares of the company’s stock worth $85,000 after buying an additional 689 shares during the period. Finally, CWM LLC raised its holdings in shares of Cactus by 35.3% in the 2nd quarter. CWM LLC now owns 2,956 shares of the company’s stock valued at $119,000 after purchasing an additional 771 shares in the last quarter. 83.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Cactus from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, September 26th. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $52.00 to $48.00 in a research report on Thursday, October 6th. Bank of America lifted their price target on shares of Cactus from $45.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, November 8th. Finally, Citigroup raised their price objective on Cactus from $47.00 to $58.00 in a research note on Sunday, November 13th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Cactus currently has an average rating of “Hold” and an average target price of $56.17.

Cactus Stock Up 1.3 %

WHD opened at $55.59 on Monday. The firm has a market cap of $4.22 billion, a P/E ratio of 36.10, a PEG ratio of 0.47 and a beta of 1.93. The business’s fifty day simple moving average is $52.49 and its 200 day simple moving average is $45.67. Cactus, Inc. has a 52 week low of $34.70 and a 52 week high of $64.18. The company has a quick ratio of 3.51, a current ratio of 4.74 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHDGet Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $184.50 million for the quarter, compared to analysts’ expectations of $183.08 million. Cactus had a net margin of 14.94% and a return on equity of 14.60%. The firm’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. As a group, equities research analysts anticipate that Cactus, Inc. will post 1.78 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Monday, November 28th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 25th. Cactus’s dividend payout ratio is presently 28.57%.

Cactus Company Profile

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Cactus, Inc designs, manufactures, sells, and rents 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.

See Also

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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