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

Cactus, Inc. (NYSE:WHD) has received an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.20.

A number of research firms have weighed in on WHD. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and raised their price target for the company from $39.00 to $40.00 in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Barclays upped their target price on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Zacks Research downgraded shares of Cactus from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 31st.

Cactus Price Performance

Shares of NYSE:WHD opened at $58.06 on Friday. The company’s fifty day moving average price is $49.83 and its 200-day moving average price is $43.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 5.78 and a beta of 1.27. Cactus has a one year low of $33.20 and a one year high of $61.38.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 2nd. Cactus’s dividend payout ratio is presently 22.31%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in Cactus during the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Cactus in the third quarter worth approximately $33,000. Huntington National Bank grew its holdings in shares of Cactus by 55.4% in the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock worth $43,000 after purchasing an additional 390 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake 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 worth $47,000 after buying an additional 543 shares during the period. Hedge funds and other 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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.