Weiss Ratings Reaffirms “Hold (C-)” Rating for Cactus (NYSE:WHD)

Cactus (NYSE:WHD)‘s stock had its “hold (c-)” rating restated by Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

WHD has been the subject of a number of other research reports. Stifel Nicolaus lowered their target price on Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 1st. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Wednesday. Barclays restated an “overweight” rating and set a $52.00 target price (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. Wall Street Zen upgraded Cactus from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Zacks Research lowered Cactus from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and an average price target of $47.75.

Cactus Stock Performance

NYSE:WHD opened at $44.23 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 5.28. Cactus has a fifty-two week low of $33.20 and a fifty-two week high of $70.01. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 9.05 and a beta of 1.48. The stock has a fifty day moving average price of $39.62 and a 200-day moving average price of $41.47.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The company had revenue of $263.95 million during the quarter, compared to analysts’ expectations of $253.89 million. During the same quarter in the previous year, the firm earned $0.74 EPS. Cactus’s revenue was down 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Cactus will post 3.08 EPS for the current fiscal year.

Insider Transactions at Cactus

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. This represents a 47.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in Cactus in the third quarter worth approximately $25,000. Advisors Asset Management Inc. lifted its holdings in shares of Cactus by 113.8% in the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cactus in the first quarter valued at approximately $57,000. Financial Harvest LLC bought a new position in shares of Cactus in the first quarter valued at approximately $130,000. Finally, CWM LLC lifted its holdings in shares of Cactus by 131.7% in the second quarter. CWM LLC now owns 2,966 shares of the company’s stock valued at $130,000 after purchasing an additional 1,686 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

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.