Cactus (NYSE:WHD) PT Raised to $56.00

Cactus (NYSE:WHD) had its target price raised by equities researchers at Barclays from $55.00 to $56.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 8.80% from the company’s current price.

Several other equities analysts also recently commented on WHD. Bank of America increased their target price on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Benchmark reissued a “hold” rating on shares of Cactus in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.14.

Cactus Stock Down 0.4 %

WHD opened at $51.47 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 9.11 and a beta of 1.95. The business has a 50-day moving average of $49.44 and a 200-day moving average of $45.56. Cactus has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The firm had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts forecast that Cactus will post 2.87 EPS for the current fiscal year.

Insider Transactions at Cactus

In other Cactus news, CEO Scott Bender sold 78,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at approximately $915.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cactus news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the transaction, the chief executive officer now owns 20 shares of the company’s stock, valued at approximately $915.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

Institutional Trading of Cactus

Institutional investors have recently made changes to their positions in the business. Principal Securities Inc. bought a new position in shares of Cactus during the fourth quarter valued at $30,000. NBC Securities Inc. bought a new position in Cactus during the 3rd quarter valued at about $36,000. GAMMA Investing LLC acquired a new position in Cactus in the fourth quarter valued at about $33,000. Signaturefd LLC grew its stake in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after buying an additional 533 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Cactus during the third quarter worth approximately $70,000. 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.