Nisa Investment Advisors LLC Purchases 221 Shares of Cactus, Inc. (NYSE:WHD)

Nisa Investment Advisors LLC grew its holdings in Cactus, Inc. (NYSE:WHD) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,369 shares of the company’s stock after buying an additional 221 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cactus were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Quest Partners LLC bought a new position in shares of Cactus in the 3rd quarter worth $34,000. Versant Capital Management Inc raised its stake in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the period. GAMMA Investing LLC lifted its holdings in Cactus by 81.5% during the third quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after acquiring an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Cactus during the 3rd quarter worth approximately $177,000. Finally, Central Pacific Bank Trust Division raised its holdings in Cactus by 32.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,336 shares of the company’s stock worth $195,000 after buying an additional 820 shares during the period. 85.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Cactus

In related news, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at $2,230,501.95. This represents a 47.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $6,535,000.00. Following the completion of the transaction, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock valued at $8,916,325 in the last three months. Corporate insiders own 16.84% of the company’s stock.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of recent research reports. Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research report on Monday, November 4th. Stifel Nicolaus lowered their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Bank of America increased their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.40.

Cactus Stock Down 0.4 %

WHD opened at $61.80 on Thursday. The stock’s fifty day simple moving average is $62.39 and its 200 day simple moving average is $61.14. Cactus, Inc. has a 1-year low of $40.28 and a 1-year high of $70.01. The stock has a market cap of $4.92 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 5.41 and a beta of 1.98. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

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

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is 18.44%.

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.