Barlow Wealth Partners Inc. Increases Stock Holdings in Cactus, Inc. (NYSE:WHD)

Barlow Wealth Partners Inc. lifted its holdings in Cactus, Inc. (NYSE:WHD) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,435 shares of the company’s stock after purchasing an additional 11,968 shares during the period. Cactus comprises approximately 2.2% of Barlow Wealth Partners Inc.’s holdings, making the stock its 20th biggest position. Barlow Wealth Partners Inc.’s holdings in Cactus were worth $17,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Cactus by 7.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after purchasing an additional 221 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Cactus by 36.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock valued at $21,240,000 after buying an additional 97,570 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of Cactus by 44.8% during the 4th quarter. Diversify Wealth Management LLC now owns 12,317 shares of the company’s stock valued at $732,000 after acquiring an additional 3,813 shares during the period. Park Avenue Securities LLC purchased a new stake in Cactus in the 4th quarter worth approximately $229,000. Finally, Assenagon Asset Management S.A. raised its stake in Cactus by 394.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock worth $9,338,000 after acquiring an additional 127,614 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Insider Activity

In other news, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the sale, the director now directly owns 12,177 shares in the company, valued at approximately $794,183.94. This represents a 29.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven Bender sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,500 shares of company stock worth $8,916,325. 16.84% of the stock is currently owned by insiders.

Cactus Stock Up 0.3 %

Shares of WHD stock opened at $63.81 on Wednesday. The company’s fifty day simple moving average is $62.75 and its two-hundred day simple moving average is $60.79. Cactus, Inc. has a 52 week low of $38.27 and a 52 week high of $70.01. The stock has a market cap of $5.08 billion, a P/E ratio of 22.63, a PEG ratio of 5.47 and a beta of 1.98. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $287.47 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. Cactus’s dividend payout ratio is currently 18.44%.

Wall Street Analyst Weigh In

WHD has been the subject of a number of recent analyst reports. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research report on Monday, November 4th. Stifel Nicolaus decreased their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Bank of America boosted their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. One research 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.40.

About Cactus

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.