Maryland State Retirement & Pension System purchased a brand new stake in Cactus, Inc. (NYSE:WHD – Free Report) within the second quarter, in keeping with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor purchased 22,909 shares of the corporate’s inventory, valued at roughly $1,208,000.
Numerous different institutional traders have additionally lately purchased and bought shares of the enterprise. Principal Securities Inc. acquired a brand new stake in shares of Cactus in the course of the 4th quarter valued at about $30,000. GAMMA Investing LLC acquired a brand new place in shares of Cactus within the 4th quarter price roughly $33,000. TFO Wealth Companions LLC lifted its place in shares of Cactus by 221,300.0% in the course of the 4th quarter. TFO Wealth Companions LLC now owns 2,214 shares of the corporate’s inventory price $101,000 after shopping for an extra 2,213 shares in the course of the interval. SG Americas Securities LLC acquired a brand new stake in Cactus within the 1st quarter valued at $115,000. Lastly, Covestor Ltd grew its place in Cactus by 251.8% within the first quarter. Covestor Ltd now owns 2,508 shares of the corporate’s inventory valued at $126,000 after buying an extra 1,795 shares in the course of the interval. Institutional traders and hedge funds personal 85.11% of the corporate’s inventory.
Cactus Inventory Down 0.7 %
Shares of NYSE:WHD opened at $59.52 on Friday. The corporate has a 50 day transferring common value of $57.27 and a two-hundred day transferring common value of $52.19. The corporate has a debt-to-equity ratio of 0.01, a fast ratio of two.59 and a present ratio of three.75. The corporate has a market capitalization of $4.74 billion, a PE ratio of 23.71, a PEG ratio of two.19 and a beta of 1.98. Cactus, Inc. has a 52 week low of $37.58 and a 52 week excessive of $64.96.
Cactus (NYSE:WHD – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July thirty first. The corporate reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The corporate had income of $290.39 million in the course of the quarter, in comparison with analyst estimates of $276.76 million. Cactus had a internet margin of 16.88% and a return on fairness of 21.22%. The agency’s income was down 5.0% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the enterprise earned $0.84 EPS. Analysts forecast that Cactus, Inc. will submit 3.03 earnings per share for the present 12 months.
Cactus Will increase Dividend
The agency additionally lately declared a quarterly dividend, which shall be paid on Thursday, September twelfth. Shareholders of file on Monday, August twenty sixth shall be issued a $0.13 dividend. This is a rise from Cactus’s earlier quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, August twenty sixth. Cactus’s dividend payout ratio is 20.72%.
Analyst Upgrades and Downgrades
WHD has been the topic of a variety of analyst experiences. Barclays lifted their value goal on Cactus from $56.00 to $61.00 and gave the corporate an “chubby” ranking in a report on Monday, August fifth. Piper Sandler minimize their value goal on shares of Cactus from $55.00 to $54.00 and set a “impartial” ranking for the corporate in a report on Monday, July fifteenth. Johnson Rice minimize shares of Cactus from a “purchase” ranking to an “accumulate” ranking in a analysis notice on Friday, Might thirty first. Citigroup raised their value goal on shares of Cactus from $48.00 to $52.00 and gave the inventory a “impartial” ranking in a report on Wednesday, July tenth. Lastly, Benchmark reissued a “maintain” ranking on shares of Cactus in a report on Monday, Might sixth. One analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and three have given a purchase ranking to the inventory. In response to MarketBeat, Cactus has a median ranking of “Maintain” and a consensus value goal of $55.00.
View Our Newest Evaluation on Cactus
Cactus Firm Profile
Cactus, Inc, along with its subsidiaries, designs, manufactures, sells, and leases strain management and spoolable pipes in the USA, Australia, Canada, the Center East, and internationally. It operates by way of two segments, Strain Management and Spoolable Applied sciences. The Strain Management phase designs, manufactures, sells, and rents a variety of wellhead and strain management gear below the Cactus Wellhead model identify by way of service facilities.
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