Cactus, Inc. (NYSE:WHD) Receives $52.33 Average Price Target from Analysts

Cactus, Inc. (NYSE:WHD) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $52.33.

Several research analysts have recently commented on WHD shares. JPMorgan Chase & Co. reduced their target price on Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their target price on Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Barclays dropped their price target on Cactus from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd.

Cactus Stock Performance

Shares of NYSE WHD opened at $41.01 on Monday. The stock has a 50 day moving average price of $41.23 and a 200 day moving average price of $53.79. Cactus has a 52 week low of $33.80 and a 52 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 stock has a market capitalization of $3.26 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.27%. Cactus’s payout ratio is currently 18.51%.

Institutional Trading of Cactus

Hedge funds have recently added to or reduced their stakes in the company. Oarsman Capital Inc. acquired a new position in Cactus in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after acquiring an additional 337 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Cactus in the 1st quarter valued at $57,000. 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.