Stifel Nicolaus Cuts Cactus (NYSE:WHD) Price Target to $61.00

Cactus (NYSE:WHD) had its price target cut by Stifel Nicolaus from $64.00 to $61.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Barclays decreased their price objective on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Cactus has an average rating of “Hold” and an average price target of $53.80.

Cactus Price Performance

Shares of Cactus stock opened at $37.73 on Tuesday. The stock has a 50 day moving average of $47.41 and a 200 day moving average of $57.14. Cactus has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.00 billion, a PE ratio of 13.38, a PEG ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, research analysts expect that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s payout ratio is 18.84%.

Hedge Funds Weigh In On Cactus

A number of large investors have recently made changes to their positions in WHD. Emerald Advisers LLC increased its position in shares of Cactus by 20.6% in the 4th quarter. Emerald Advisers LLC now owns 307,315 shares of the company’s stock valued at $17,935,000 after acquiring an additional 52,552 shares during the period. Principal Financial Group Inc. raised its stake in Cactus by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company’s stock valued at $20,853,000 after purchasing an additional 15,035 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after acquiring an additional 52,085 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Cactus by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock valued at $40,939,000 after purchasing an additional 13,669 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cactus in the 4th quarter worth $16,377,000. 85.11% of the stock is 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.