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

Cactus, Inc. (NYSE:WHD) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $50.20.

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research note on Monday. Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $55.00 in a report on Thursday, December 11th. Wall Street Zen upgraded shares of Cactus from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research raised shares of Cactus from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Bank of America upgraded shares of Cactus from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $39.00 to $40.00 in a research note on Wednesday, October 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WHD. CIBC Bancorp USA Inc. acquired a new position in shares of Cactus during the third quarter worth about $289,000. Danske Bank A S purchased a new stake in shares of Cactus during the 3rd quarter valued at about $1,070,000. Kestra Private Wealth Services LLC raised its holdings in shares of Cactus by 11.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,220 shares of the company’s stock valued at $403,000 after buying an additional 1,060 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Cactus by 2.8% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 59,532 shares of the company’s stock worth $2,393,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in Cactus by 122.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 33,530 shares of the company’s stock worth $1,323,000 after acquiring an additional 18,444 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Up 0.1%

Shares of WHD opened at $44.49 on Friday. Cactus has a fifty-two week low of $33.20 and a fifty-two week high of $65.35. The company’s fifty day moving average is $41.74 and its two-hundred day moving average is $42.18. The firm has a market cap of $3.55 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 4.79 and a beta of 1.29. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The business had revenue of $263.95 million for the quarter, compared to analyst estimates of $253.89 million. During the same period last year, the company posted $0.74 EPS. The business’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts forecast that Cactus will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Cactus’s dividend payout ratio is 22.31%.

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.