Cactus, Inc. (NYSE:WHD) Given Average Rating of “Hold” by Brokerages

Cactus, Inc. (NYSE:WHD) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $55.14.

A number of brokerages recently commented on WHD. Johnson Rice cut shares of Cactus from a “buy” rating to an “accumulate” rating in a research note on Friday, May 31st. Benchmark reaffirmed a “hold” rating on shares of Cactus in a report on Monday, May 6th. Barclays boosted their price objective on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, Bank of America increased their price target on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th.

Cactus Stock Performance

Shares of WHD opened at $51.91 on Thursday. Cactus has a 1 year low of $37.58 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The stock’s fifty day moving average price is $50.96 and its two-hundred day moving average price is $47.57. The firm has a market cap of $4.13 billion, a PE ratio of 20.68, a PEG ratio of 1.66 and a beta of 1.98.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $274.12 million for the quarter, compared to analysts’ expectations of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. On average, equities research analysts forecast that Cactus will post 2.94 EPS for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, May 28th. Cactus’s payout ratio is currently 19.12%.

Insider Buying and Selling

In other news, CEO Scott Bender sold 39,957 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $51.01, for a total value of $2,038,206.57. Following the completion of the sale, the chief executive officer now owns 400,234 shares of the company’s stock, valued at approximately $20,415,936.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Joel Bender sold 201,585 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the completion of the sale, the president now owns 555,001 shares of the company’s stock, valued at $28,876,702.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Bender sold 39,957 shares of Cactus stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.01, for a total transaction of $2,038,206.57. Following the completion of the transaction, the chief executive officer now directly owns 400,234 shares in the company, valued at $20,415,936.34. The disclosure for this sale can be found here. Insiders sold 602,059 shares of company stock worth $30,948,949 in the last quarter. 16.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Cactus

Several institutional investors and hedge funds have recently bought and sold shares of WHD. Charles Schwab Investment Management Inc. raised its stake in Cactus by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 592,264 shares of the company’s stock worth $26,889,000 after buying an additional 19,734 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Cactus by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 568,500 shares of the company’s stock valued at $25,810,000 after purchasing an additional 22,028 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in Cactus by 24.0% in the fourth quarter. Keeley Teton Advisors LLC now owns 98,118 shares of the company’s stock worth $4,455,000 after purchasing an additional 18,962 shares during the period. FCF Advisors LLC purchased a new stake in Cactus in the first quarter worth $991,000. Finally, First Trust Advisors LP raised its holdings in Cactus by 595.4% in the fourth quarter. First Trust Advisors LP now owns 683,051 shares of the company’s stock worth $31,011,000 after purchasing an additional 584,831 shares in the last quarter. Hedge funds and other 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.