Leeward Investments LLC MA Trims Stock Holdings in Cactus, Inc. (NYSE:WHD)

Leeward Investments LLC MA decreased its holdings in Cactus, Inc. (NYSE:WHD) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 256,809 shares of the company’s stock after selling 19,714 shares during the period. Leeward Investments LLC MA’s holdings in Cactus were worth $14,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of WHD. Quest Partners LLC purchased a new position in Cactus during the third quarter valued at approximately $34,000. Versant Capital Management Inc grew its stake in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after acquiring an additional 359 shares in the last quarter. KBC Group NV grew its stake in Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after acquiring an additional 1,059 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Cactus during the third quarter valued at approximately $177,000. Finally, Nisa Investment Advisors LLC grew its stake in Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after acquiring an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

WHD stock opened at $58.27 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a one year low of $44.57 and a one year high of $70.01. The stock has a market cap of $4.64 billion, a PE ratio of 20.66, a P/E/G ratio of 5.13 and a beta of 1.97. The firm has a 50 day simple moving average of $60.20 and a two-hundred day simple moving average of $61.17.

Cactus Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. Cactus’s dividend payout ratio is presently 18.44%.

Analyst Ratings Changes

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

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.