Moran Wealth Management LLC Invests $201,000 in Cactus, Inc. (NYSE:WHD)

Moran Wealth Management LLC bought a new stake in Cactus, Inc. (NYSE:WHD) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,444 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after buying an additional 223 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Cactus during the 3rd quarter valued at about $34,000. Versant Capital Management Inc increased its stake in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 shares during the period. Finally, AlphaQuest LLC boosted its position in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after purchasing an additional 1,142 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Trading Down 3.2 %

WHD stock opened at $45.00 on Thursday. Cactus, Inc. has a 12-month low of $44.90 and a 12-month high of $70.01. The business’s 50-day moving average is $58.43 and its 200 day moving average is $60.51. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. On average, sell-side analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s payout ratio is 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays cut their price objective on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.