Brokerages Set Cactus, Inc. (NYSE:WHD) Target Price at $55.00

Shares of Cactus, Inc. (NYSE:WHD) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $55.00.

Separately, Barclays decreased their price objective on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th.

Cactus Stock Performance

NYSE:WHD opened at $47.36 on Wednesday. The firm has a market cap of $3.77 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. Cactus has a fifty-two week low of $45.94 and a fifty-two week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The business has a 50 day moving average price of $58.91 and a 200-day moving average price of $60.69.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Equities research analysts predict that Cactus will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Institutional Trading of Cactus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oarsman Capital Inc. purchased a new stake in Cactus during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after buying an additional 223 shares during the period. Quest Partners LLC purchased a new stake in Cactus during the 3rd quarter valued at $34,000. Versant Capital Management Inc raised its holdings in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after buying an additional 337 shares during the period. Institutional investors own 85.11% of the company’s stock.

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.