Cactus, Inc. (NYSE:WHD) Receives $56.40 Average PT from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have been given a consensus rating of “Hold” by the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given 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 $56.40.

A number of analysts recently issued reports on the company. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research report on Monday, November 4th. Stifel Nicolaus decreased 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. Finally, Bank of America lifted their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th.

Cactus Stock Performance

Shares of Cactus stock opened at $57.27 on Thursday. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus has a 52 week low of $37.58 and a 52 week high of $70.01. The firm’s 50 day moving average is $63.07 and its two-hundred day moving average is $59.61. The firm has a market capitalization of $4.56 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.98 and a beta of 1.97.

Cactus (NYSE:WHD) last posted its 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. The firm had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Research analysts forecast that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

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

Insider Transactions at Cactus

In related news, CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the sale, the chief executive officer now owns 36,357 shares in the company, valued at $2,230,501.95. This represents a 47.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of Cactus 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 transaction, the director now directly owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. This represents a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,500 shares of company stock worth $8,916,325. Company insiders own 17.71% of the company’s stock.

Institutional Trading of Cactus

Several large investors have recently modified their holdings of WHD. Principal Financial Group Inc. raised its stake in Cactus by 3,604.5% in the 2nd quarter. Principal Financial Group Inc. now owns 326,518 shares of the company’s stock valued at $17,221,000 after purchasing an additional 317,704 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Cactus in the second quarter valued at approximately $1,208,000. Barlow Wealth Partners Inc. purchased a new position in shares of Cactus during the second quarter valued at approximately $14,553,000. Natixis Advisors LLC acquired a new stake in Cactus during the second quarter worth approximately $775,000. Finally, Rhumbline Advisers grew its stake in Cactus by 69.7% in the 2nd quarter. Rhumbline Advisers now owns 206,982 shares of the company’s stock worth $10,916,000 after acquiring an additional 84,984 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.