Boston Trust Walden Corp Sells 167,622 Shares of Cactus, Inc. (NYSE:WHD)

Boston Trust Walden Corp cut its stake in shares of Cactus, Inc. (NYSE:WHD) by 8.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,787,605 shares of the company’s stock after selling 167,622 shares during the quarter. Boston Trust Walden Corp owned 2.25% of Cactus worth $106,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vest Financial LLC boosted its stake in shares of Cactus by 5.0% during the third quarter. Vest Financial LLC now owns 23,709 shares of the company’s stock valued at $1,415,000 after purchasing an additional 1,138 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of Cactus in the third quarter valued at about $316,000. Creative Planning raised its stake in shares of Cactus by 27.5% during the third quarter. Creative Planning now owns 11,292 shares of the company’s stock valued at $674,000 after acquiring an additional 2,433 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Cactus during the third quarter worth about $775,000. Finally, Barlow Wealth Partners Inc. increased its holdings in Cactus by 1.6% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 258,467 shares of the company’s stock valued at $16,604,000 after purchasing an additional 3,960 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WHD. Bank of America lifted their price objective on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Piper Sandler reduced their price objective on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Stifel Nicolaus dropped their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Barclays boosted their price target on shares of Cactus from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Citigroup raised their price objective on shares of Cactus from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.40.

Cactus Stock Down 0.5 %

Shares of Cactus stock traded down $0.30 during trading on Friday, hitting $58.28. The company’s stock had a trading volume of 437,803 shares, compared to its average volume of 736,645. Cactus, Inc. has a 52 week low of $37.58 and a 52 week high of $64.96. The company has a market capitalization of $4.64 billion, a PE ratio of 23.22, a P/E/G ratio of 2.84 and a beta of 1.95. The company has a fifty day simple moving average of $59.80 and a two-hundred day simple moving average of $55.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 3.75.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, July 31st. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The business had revenue of $290.39 million during the quarter, compared to the consensus estimate of $276.76 million. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts predict that Cactus, Inc. will post 3.04 earnings per share for the current year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Monday, August 26th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.89%. This is an increase from Cactus’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 26th. Cactus’s payout ratio is 20.72%.

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.