Cactus, Inc. (NYSE:WHD) Receives $55.00 Consensus Price Target from Brokerages

Cactus, Inc. (NYSE:WHD) has received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.00.

Separately, Barclays lowered 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, March 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WHD. Illinois Municipal Retirement Fund increased its holdings in shares of Cactus by 0.5% in the fourth 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 during the period. State of Tennessee Department of Treasury increased its stake in Cactus by 0.5% in 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 during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock worth $606,000 after acquiring an additional 180 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock valued at $916,000 after acquiring an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted 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 acquiring an additional 221 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Cactus Trading Up 1.1 %

NYSE:WHD opened at $46.34 on Friday. The firm’s 50 day moving average is $53.92 and its 200 day moving average is $59.31. Cactus has a 12 month low of $43.27 and a 12 month high of $70.01. The stock has a market capitalization of $3.69 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

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

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

About Cactus

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.