Cactus, Inc. (NYSE:WHD) Receives Consensus Rating of “Hold” from Brokerages

Cactus, Inc. (NYSE:WHDGet Rating) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.20.

WHD has been the topic of a number of recent research reports. Barclays boosted their target price on Cactus from $50.00 to $56.00 in a report on Wednesday, March 2nd. Tudor Pickering lowered Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st. Bank of America lowered Cactus from a “buy” rating to a “neutral” rating in a report on Friday, March 11th. Zacks Investment Research raised Cactus from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Monday, April 4th. Finally, Morgan Stanley lowered Cactus from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $60.00 to $52.00 in a report on Monday, April 11th.

In other Cactus news, CAO Donna L. Anderson sold 1,496 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $58.00, for a total value of $86,768.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David John Isaac sold 5,091 shares of the company’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $62.72, for a total value of $319,307.52. The disclosure for this sale can be found here. Insiders have sold 235,206 shares of company stock worth $12,856,083 in the last ninety days. 21.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Stephens Inc. AR lifted its position in shares of Cactus by 2.7% in the fourth quarter. Stephens Inc. AR now owns 7,669 shares of the company’s stock valued at $292,000 after acquiring an additional 200 shares in the last quarter. Citigroup Inc. lifted its position in shares of Cactus by 1.5% in the fourth quarter. Citigroup Inc. now owns 17,954 shares of the company’s stock valued at $684,000 after acquiring an additional 261 shares in the last quarter. Sei Investments Co. lifted its position in Cactus by 0.3% during the fourth quarter. Sei Investments Co. now owns 81,780 shares of the company’s stock worth $3,129,000 after buying an additional 280 shares during the period. Arizona State Retirement System lifted its position in Cactus by 2.0% during the first quarter. Arizona State Retirement System now owns 15,935 shares of the company’s stock worth $904,000 after buying an additional 314 shares during the period. Finally, Private Capital Group LLC lifted its position in Cactus by 28.4% during the first quarter. Private Capital Group LLC now owns 1,650 shares of the company’s stock worth $94,000 after buying an additional 365 shares during the period.

Shares of NYSE WHD opened at $47.43 on Friday. The company has a current ratio of 5.33, a quick ratio of 4.00 and a debt-to-equity ratio of 0.01. Cactus has a twelve month low of $31.65 and a twelve month high of $64.18. The stock has a 50 day moving average of $53.80 and a two-hundred day moving average of $47.01. The stock has a market cap of $3.59 billion, a P/E ratio of 48.40 and a beta of 2.03.

Cactus (NYSE:WHDGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Cactus had a return on equity of 8.10% and a net margin of 11.73%. The company had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $139.84 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 72.8% on a year-over-year basis. As a group, research analysts predict that Cactus will post 1.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Monday, May 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, May 26th. Cactus’s dividend payout ratio is presently 44.90%.

Cactus Company Profile (Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Analyst Recommendations for Cactus (NYSE:WHD)

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