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

Shares of Cactus, Inc. (NYSE:WHD) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.40.

A number of analysts recently issued reports on the stock. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research note on Monday, November 4th. Stifel Nicolaus dropped their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Bank of America increased their price target on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Cactus Stock Performance

NYSE:WHD opened at $57.35 on Thursday. The firm has a 50-day moving average of $63.19 and a two-hundred day moving average of $59.59. 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 stock has a market cap of $4.56 billion, a P/E ratio of 20.34, a PEG ratio of 2.98 and a beta of 1.97. Cactus has a 1-year low of $37.58 and a 1-year high of $70.01.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Cactus’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts expect that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. Cactus’s payout ratio is currently 18.44%.

Insider Activity

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now directly owns 12,177 shares of the company’s stock, valued at $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now directly owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,500 shares of company stock valued at $8,916,325. Company insiders own 16.84% of the company’s stock.

Institutional Investors Weigh In On Cactus

A number of hedge funds have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Cactus in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC grew its stake in shares of Cactus by 81.5% in the third quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after purchasing an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cactus during the third quarter valued at $177,000. Nisa Investment Advisors LLC raised its stake in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in Cactus in the third quarter worth about $209,000. Institutional investors own 85.11% of the company’s stock.

Cactus Company Profile

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.