Cactus (WHD) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WHD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WHD, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued twelve-month price objectives for Cactus' stock. Their WHD share price targets range from $43.00 to $60.00. On average, they anticipate the company's stock price to reach $55.29 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
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Cactus' stock was trading at $45.40 on January 1st, 2024. Since then, WHD stock has increased by 8.2% and is now trading at $49.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Cactus will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Cactus, Inc. (NYSE:WHD) announced its quarterly earnings data on Thursday, February, 29th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The firm earned $274.87 million during the quarter, compared to the consensus estimate of $268.56 million. Cactus had a net margin of 15.42% and a trailing twelve-month return on equity of 22.69%. Cactus's revenue was up 46.4% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS.

Cactus announced a quarterly dividend on Tuesday, January 23rd. Investors of record on Monday, February 26th will be paid a dividend of $0.12 per share on Thursday, March 14th. This represents a $0.48 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, February 23rd.
Read our dividend analysis for WHD.

Cactus (NYSE:WHD) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.96%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 13.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WHD.

ETFs with the largest weight of Cactus (NYSE:WHD) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Invesco Oil & Gas Services ETF (PXJ), BNY Mellon Innovators ETF (BKIV), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG), American CenturyFocused Dynamic Growth ETF (FDG) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).

14 employees have rated Cactus Chief Executive Officer Scott Bender on Glassdoor.com. Scott Bender has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Mastercard (MA), AbbVie (ABBV), Boeing (BA) and BP (BP).

Cactus (WHD) raised $374 million in an IPO on Thursday, February 8th 2018. The company issued 21,400,000 shares at $16.00-$19.00 per share. Citigroup and Credit Suisse acted as the underwriters for the IPO and Simmons & Company International (Energy Specialists of Piper Jaffray), J.P. Morgan, BofA Merrill Lynch, Tudor, Pickering, Holt & Barclays, RBC Capital Markets, Raymond James and Scotia Howard Weil were co-managers.

Cactus' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (1.68%), Allspring Global Investments Holdings LLC (0.41%), Congress Asset Management Co. MA (0.22%), Bridge City Capital LLC (0.09%), Viking Fund Management LLC (0.04%) and FCF Advisors LLC (0.02%). Insiders that own company stock include Alan Semple, David John Isaac, Donna L Anderson, Gary L Rosenthal, Joel Bender, John A Odonnell, Michael Y Mcgovern, Scott Bender, Stephen Tadlock, Steven Bender and William D Marsh.
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Shares of WHD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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