Teacher Retirement System of Texas Purchases Shares of 9,743 Cactus, Inc. (NYSE:WHD)

Teacher Retirement System of Texas acquired a new stake in shares of Cactus, Inc. (NYSE:WHD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,743 shares of the company’s stock, valued at approximately $447,000.

A number of other institutional investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Cactus during the fourth quarter valued at approximately $1,332,000. PNC Financial Services Group Inc. increased its holdings in Cactus by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company’s stock valued at $220,000 after acquiring an additional 239 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cactus by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,453 shares of the company’s stock worth $785,000 after buying an additional 286 shares in the last quarter. Swiss National Bank boosted its stake in shares of Cactus by 1.9% during the 4th quarter. Swiss National Bank now owns 130,700 shares of the company’s stock worth $7,628,000 after purchasing an additional 2,400 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Cactus by 9.8% during the 4th quarter. Natixis Advisors LLC now owns 18,258 shares of the company’s stock worth $1,066,000 after purchasing an additional 1,635 shares during the period. 85.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WHD has been the subject of several research reports. Barclays lowered their price objective on shares of Cactus from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 20th. JPMorgan Chase & Co. reduced their price objective on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd.

Cactus Stock Up 1.8%

WHD stock opened at $43.57 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The company’s 50 day moving average is $44.14 and its two-hundred day moving average is $48.23. The stock has a market cap of $3.48 billion, a P/E ratio of 15.50, a PEG ratio of 3.76 and a beta of 1.48.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. Cactus’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.19%. Cactus’s dividend payout ratio (DPR) is 18.51%.

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.