Cactus, Inc. (NYSE:WHD) Receives $50.75 Consensus Target Price from Analysts

Cactus, Inc. (NYSE:WHD) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $50.75.

Several research firms recently weighed in on WHD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a research note on Saturday, September 27th. Wall Street Zen raised Cactus from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Barclays reaffirmed an “overweight” rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a research note on Monday, August 4th. Zacks Research downgraded Cactus from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. Finally, Stifel Nicolaus dropped their price objective on Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 1st.

Insiders Place Their Bets

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president directly owned 11,088 shares in the company, valued at approximately $458,156.16. This represents a 47.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.84% of the company’s stock.

Institutional Trading of Cactus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new position in shares of Cactus during the 2nd quarter valued at about $204,000. Texas Permanent School Fund Corp increased its stake in shares of Cactus by 33.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 38,088 shares of the company’s stock valued at $1,665,000 after acquiring an additional 9,642 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Cactus by 4,927.3% during the 2nd quarter. Osaic Holdings Inc. now owns 19,858 shares of the company’s stock valued at $868,000 after acquiring an additional 19,463 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Cactus by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 81,233 shares of the company’s stock valued at $3,551,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Cim LLC acquired a new position in shares of Cactus during the 2nd quarter valued at about $218,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD stock opened at $36.51 on Friday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. The stock has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $41.91. Cactus has a 12-month low of $33.80 and a 12-month high of $70.01. The company has a current ratio of 4.85, a quick ratio of 3.48 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The firm had revenue of $273.58 million during the quarter, compared to analysts’ expectations of $280.28 million. During the same period in the previous year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Cactus will post 3.08 EPS for the current year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a dividend of $0.14 per share. The ex-dividend date was Friday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. This is a boost from Cactus’s previous quarterly dividend of $0.13. Cactus’s dividend payout ratio (DPR) is 21.13%.

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.