Cactus, Inc. (NYSE:WHD) Receives $52.50 Consensus Target Price from Analysts

Cactus, Inc. (NYSE:WHD) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $52.50.

A number of equities analysts have recently commented on WHD shares. Barclays raised Cactus from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $51.00 to $54.00 in a report on Wednesday, June 4th. JPMorgan Chase & Co. lowered their price target on Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their price target on Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a report on Friday, May 2nd.

Institutional Investors Weigh In On Cactus

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Oarsman Capital Inc. acquired a new stake in Cactus during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its stake in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after purchasing an additional 223 shares during the period. Jones Financial Companies Lllp grew its stake in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 shares during the period. Advisors Asset Management Inc. grew its stake in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after purchasing an additional 543 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Cactus during the first quarter worth approximately $57,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Price Performance

Shares of NYSE WHD opened at $46.14 on Friday. The stock has a market capitalization of $3.68 billion, a PE ratio of 16.36, a P/E/G ratio of 5.13 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The business has a fifty day moving average price of $41.00 and a two-hundred day moving average price of $50.89. Cactus has a fifty-two week low of $33.80 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $280.32 million during the quarter, compared to analysts’ expectations of $272.22 million. During the same period in the previous year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.13%. Cactus’s payout ratio is 18.51%.

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.