Brokerages Set Cactus, Inc. (NYSE:WHD) Price Target at $55.00

Shares of Cactus, Inc. (NYSE:WHD) have received an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. One investment 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 brokerages that have issued ratings on the stock in the last year is $55.00.

Separately, Barclays cut their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday.

Cactus Stock Up 1.0 %

WHD stock opened at $47.36 on Wednesday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $59.11 and its 200 day moving average is $60.74. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97. Cactus has a 1-year low of $45.94 and a 1-year high of $70.01.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Sell-side analysts predict that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. Cactus’s dividend payout ratio is currently 18.84%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its holdings in Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after purchasing an additional 169 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock worth $2,091,000 after acquiring an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Cactus by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after purchasing an additional 180 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Cactus by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company’s stock valued at $925,000 after purchasing an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after purchasing an additional 221 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.