Cactus, Inc. (NYSE:WHD) Given Average Recommendation of “Hold” by Analysts

Cactus, Inc. (NYSE:WHD) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. 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 on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $55.29.

Several equities analysts have recently weighed in on the stock. Benchmark lowered shares of Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Bank of America increased their price objective on shares of Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd.

Cactus Stock Performance

Shares of WHD opened at $50.58 on Friday. Cactus has a 12 month low of $31.36 and a 12 month high of $57.00. The firm has a fifty day simple moving average of $47.95 and a 200 day simple moving average of $45.48. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 8.89 and a beta of 1.96. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm had revenue of $274.87 million for the quarter, compared to analyst estimates of $268.56 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. Research analysts forecast that Cactus will post 2.87 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. Cactus’s payout ratio is 18.82%.

Insiders Place Their Bets

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the sale, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 17.71% of the company’s stock.

Institutional Investors Weigh In On Cactus

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Cactus by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock valued at $295,947,000 after purchasing an additional 148,355 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Cactus by 5.6% in the 2nd quarter. BlackRock Inc. now owns 4,577,187 shares of the company’s stock valued at $193,707,000 after purchasing an additional 244,164 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cactus by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after purchasing an additional 108,905 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Cactus by 0.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,000,859 shares of the company’s stock valued at $113,529,000 after buying an additional 7,096 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Cactus by 1.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock valued at $88,127,000 after buying an additional 26,185 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.