Cactus, Inc. (NYSE:WHD) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 248,732 shares of the company’s stock after selling 14,231 shares during the quarter. Nuveen Asset Management LLC owned about 0.31% of Cactus worth $14,516,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Emerald Advisers LLC boosted its holdings in shares of Cactus by 20.6% during the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company’s stock worth $17,935,000 after purchasing an additional 52,552 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Cactus by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 357,313 shares of the company’s stock worth $20,853,000 after purchasing an additional 15,035 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cactus by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after purchasing an additional 13,669 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cactus during the fourth quarter worth $16,377,000. Finally, Axiom Investors LLC DE boosted its holdings in shares of Cactus by 26.0% during the fourth quarter. Axiom Investors LLC DE now owns 149,317 shares of the company’s stock worth $8,714,000 after purchasing an additional 30,851 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Trading Up 0.2%

NYSE:WHD opened at $41.54 on Monday. The business’s 50-day moving average is $41.05 and its two-hundred day moving average is $53.31. 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, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The firm has a market capitalization of $3.32 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same period last year, the company posted $0.75 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus’s dividend payout ratio (DPR) is presently 18.51%.

Wall Street Analysts Forecast Growth

WHD has been the topic of several analyst reports. Barclays decreased their price objective on Cactus from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Cactus from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus cut their target price on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.33.

Cactus Company 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.