Cactus, Inc. (NYSE:WHD) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Cactus, Inc. (NYSE:WHD) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 357,313 shares of the company’s stock after purchasing an additional 15,035 shares during the period. Principal Financial Group Inc. owned 0.45% of Cactus worth $20,853,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Quest Partners LLC bought a new position in shares of Cactus during the third quarter valued at approximately $34,000. Versant Capital Management Inc grew 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 last quarter. KBC Group NV grew its stake in Cactus by 54.2% during the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after buying an additional 1,059 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Cactus in the third quarter worth $177,000. Finally, Nisa Investment Advisors LLC lifted its stake in Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after buying an additional 307 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.40.

Cactus Price Performance

Shares of NYSE WHD opened at $58.48 on Tuesday. The firm’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $61.19. The stock has a market cap of $4.65 billion, a P/E ratio of 20.74, a P/E/G ratio of 5.13 and a beta of 1.97. 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, Inc. has a fifty-two week low of $44.57 and a fifty-two week high of $70.01.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

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.