Brokerages Set Cactus, Inc. (NYSE:WHD) Target Price at $56.40

Cactus, Inc. (NYSE:WHD) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.40.

Several analysts recently issued reports on WHD shares. Stifel Nicolaus cut their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 11th. Piper Sandler cut their price target on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Bank of America lifted their price target on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Finally, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th.

Insider Buying and Selling

In other Cactus news, COO Steven Bender sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the transaction, the chief operating officer now owns 57,567 shares in the company, valued at $3,762,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven Bender sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total value of $6,535,000.00. Following the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in shares of Cactus by 7.2% in the first quarter. Bessemer Group Inc. now owns 248,369 shares of the company’s stock worth $12,441,000 after acquiring an additional 16,662 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Cactus by 4.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 203,153 shares of the company’s stock worth $10,176,000 after purchasing an additional 8,833 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Cactus by 13.2% during the 1st quarter. Sei Investments Co. now owns 345,228 shares of the company’s stock worth $17,291,000 after purchasing an additional 40,228 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Cactus during the first quarter valued at about $1,423,000. Finally, Vanguard Group Inc. lifted its stake in shares of Cactus by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company’s stock valued at $329,182,000 after buying an additional 53,142 shares during the period. 85.11% of the stock is owned by institutional investors.

Cactus Price Performance

Shares of WHD opened at $67.22 on Wednesday. The business’s 50-day moving average is $60.28 and its 200-day moving average is $56.36. 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 company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 3.29 and a beta of 1.95. Cactus has a fifty-two week low of $37.58 and a fifty-two week high of $69.77.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Equities research analysts expect that Cactus will post 3.07 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Monday, December 2nd. Cactus’s payout ratio is 18.44%.

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.